Comparing the fundamental aspects of GBPUSD, we see that non-commercial traders have been advancing long orders for the past three weeks, reducing their short position by about 11,000 orders two weeks ago.
On a technical basis, down trend channels are clearly broken. The existing daily resistance has broken down and I conclude that a direct gain of 200pip is possible due to the clear wolf wave pattern
On a technical basis, down trend channels are clearly broken. The existing daily resistance has broken down and I conclude that a direct gain of 200pip is possible due to the clear wolf wave pattern
Trade closed: stop reached