GBP COT Data - Long Case

3 พ.ย. 2019

Cable(nickname for GBPUSD) is one of the big movers this week, this alone is sufficient to add to our alerts list and to what we do every week when a pair is trading the long side

Buy Demand and Pullbacks on Supplies Zones
But pound also has another bullish signal, The Commercials COT INDEX! Commercials just changed their bias to short, and you already know that commercials are counter-trend traders

COT FACTS

Non-Commercials Net Positions Changed from -54k to -35k (HUGE)
Commercials changed their bias to short
Stochastic Bullish Signal is about to trigger
RSI Bullish Signal is about to trigger

You can see the full report here:

leohermoso.com/forex-weekly-report-03-11-2019/