GBPUSD: Supply Holding 😜

Today is a Bank holiday virtually everywhere, so expect low volume in the markets. I am open to the possibility of a trade today but spreads must be suitable.

No real high-impact news but be mindful of the US Manufacturing PMI at 14:45 GMT.

Market sentiment shows that buyers have slowly started to close out and sellers have increased. However, the sentiment still currently remains at 56% net long and 44% short.

If this supply level holds, sellers may take price all the way down into demand.

Do you think it will? 🎯

Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬

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ความคิดเห็น:

TP hit with the team.