Possible sell on EURGBP
Not one i like to trade too much, prefer watching for direction on cable and fibre.
Would ideally like to see a sell coming off the 50-62% retracement level
we previously ran into weekly resistance, rejected and then ran out the new highs formed before trapping buyers and selling off heavily. So far looks very bearish. COT sentiment considered we know that the market is heavily short GBP which could see more buying so i would be looking for sterling longs for the foreseeable future
Not one i like to trade too much, prefer watching for direction on cable and fibre.
Would ideally like to see a sell coming off the 50-62% retracement level
we previously ran into weekly resistance, rejected and then ran out the new highs formed before trapping buyers and selling off heavily. So far looks very bearish. COT sentiment considered we know that the market is heavily short GBP which could see more buying so i would be looking for sterling longs for the foreseeable future
