GBPUSD: Supply Holding 😜
Updated
Today is a Bank holiday virtually everywhere, so expect low volume in the markets. I am open to the possibility of a trade today but spreads must be suitable.
No real high-impact news but be mindful of the US Manufacturing PMI at 14:45 GMT.
Market sentiment shows that buyers have slowly started to close out and sellers have increased. However, the sentiment still currently remains at 56% net long and 44% short.
If this supply level holds, sellers may take price all the way down into demand.
Do you think it will? 🎯
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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Please like, subscribe, and share this idea with others! ⬇️
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No real high-impact news but be mindful of the US Manufacturing PMI at 14:45 GMT.
Market sentiment shows that buyers have slowly started to close out and sellers have increased. However, the sentiment still currently remains at 56% net long and 44% short.
If this supply level holds, sellers may take price all the way down into demand.
Do you think it will? 🎯
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
--------------------------------------------------------------------------------------------------------
Please like, subscribe, and share this idea with others! ⬇️
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Note
TP hit with the team.
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