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British Pound Futures (6B1!) Face Supply Area.Pound Futures: 6B1 Area Tests Bearish Resolve
Pound Futures are approaching a critical weekly supply zone (6B1). Today's price action saw a touch and rejection of this level, marked by a bearish candlestick. This suggests a potential for a short-term pullback, and we're eyeing a re-entry opportu
GBP/USD Futures – Short Trade Active📉 GBP/USD Futures – Short Trade Active
🕒 Timeframe: 1H
💼 Instrument: Micro GBP/USD Futures (M6B1!)
📍 Entry: 1.3651
🎯 Target: 1.3614
📊 Analysis:
Price tapped into a clear area of liquidity and resistance at 1.3651, aligning with previous sell pressure. I’ve entered short expecting a rejection and r
Game-changing analysis technique that will elevate your strategyAs many of my loyal followers know, my analysis toolkit goes beyond just the standard fare of CME options data and COT reports. I dive deeper, utilizing additional filters like the average long and short positions of retail traders. These insights are publicly available, and while I won’t name speci
The next trade idea for “6B” GBPUSD FX FuturesCME:6B1!
This trade idea is built on very simple premises.
Simplicity in trading is what we all strive for. Where possible, we should aim to simplify our strategies rather than complicate them with excessive information—unless the additional inputs add clear, actionable value to the trade thesis
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for British Pound Futures (Sep 2024) is Sep 16, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell British Pound Futures (Sep 2024) before Sep 16, 2024.