Dave-FX-Hunter

Strong rejection and COT data suggest lower prices

Short
FX:GBPUSD   British Pound / U.S. Dollar
Price was strongly rejected in the confluence of inverted FVG, Breaker and Order block. All this is in the premium of the recent swing. In COT data I can see that MM were closing the long positions and building the shorts while the price was in this two-week pullback. Overall their net flipped to the negative -28K. This suggests that we will see lower prices in the next weeks. It is also in perfect confluence with the USD Analysis


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- Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low

“Adapt what is useful, reject what is useless, and add what is specifically your own.”

Dave FX Hunter ⚔
Trade closed: target reached:

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