GBPUSD has a Perfect Short Setup.

ที่อัปเดต:
The Fundamentals favors the USD over the GBP:
- GDP Growth: (GBP: -0.3% / USD: 2.6%) is higher in the US which is better for the USD.
- Inflation: (GBP: 10.1% / USD: 6.4%) is hotter in Britain than the US.
- Unemployment: (GBP: 3.7% / USD: 3.4%) is lower in The US than Britain which is better for the USD.
- Interest Rates: (GBP: 4.0% / USD: 4.75%) is higher in The US which is good for the USD.
The FED is becoming more Hawkish after the recent high inflation numbers, and more likely to increase the rates in a higher pace which push the USD higher.

Sentiment:
-COT Report: shows /67.1%/ of the institutional open contracts are long on the USD, while /43.4%/ are long on the GBP.
This favors the USD over the GBP.
- Retail Sentiment: 51% of retail traders are short.

Technical:
The Price is in a good and healthy downtrend, made a retracement to the /0.5/ fib zone which is a resistance level as well. This gives a good risk to reward ratio.

Trade Safe!
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บันทึก
The Trade unfortunately reached the stop loss. I'm still bullish on the Dollar, waiting for the CPI numbers next week and see if we get another good short entry.
Fundamental AnalysisTechnical IndicatorsTrend Analysis

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