Going by the COT report None commercial short 54,799 Vs long 35,810.
Commercial long stands at 120,800 Vs short at 87,50.
Fundamentals are hard to get a read on, Brexit is ahead of us, other than buy the rumor sell the fact. Daily sentiment could be bullish with the lock-down slowly coming to an end.
I'm looking at the COT report and the area we're very close to, there is demand around here. Even previous demand around this area on the 4hr going further left. To get in on this turn, i'll be looking for a spike up, a slow down of the down, a retest of area etc. You all know the form.
I have two take profit area's marked with arrows.
Good luck Pound!!
Commercial long stands at 120,800 Vs short at 87,50.
Fundamentals are hard to get a read on, Brexit is ahead of us, other than buy the rumor sell the fact. Daily sentiment could be bullish with the lock-down slowly coming to an end.
I'm looking at the COT report and the area we're very close to, there is demand around here. Even previous demand around this area on the 4hr going further left. To get in on this turn, i'll be looking for a spike up, a slow down of the down, a retest of area etc. You all know the form.
I have two take profit area's marked with arrows.
Good luck Pound!!