6B Waiting for long potision.
- Context: DX Us index show weakness.......GBP in strong trend.
- GBPUSD:( 25.5% Long and 74.5% Short) Retail trader data shows 25.5% of traders are net-long with the ratio of traders short to long at 3.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise.
- We have weak high 1.3745 and the other one 1.2833 which we had in Oct last year.
- Basicly we have price at LVN and VAH in VP week now, so maybe price will bounce off VAH. And we have Low Volume Nodes from yesterday (zone 1.367) and VPOC, we should waiting price reach zones and looking for confirmation.
- GBPUSD:( 25.5% Long and 74.5% Short) Retail trader data shows 25.5% of traders are net-long with the ratio of traders short to long at 3.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise.
- We have weak high 1.3745 and the other one 1.2833 which we had in Oct last year.
- Basicly we have price at LVN and VAH in VP week now, so maybe price will bounce off VAH. And we have Low Volume Nodes from yesterday (zone 1.367) and VPOC, we should waiting price reach zones and looking for confirmation.
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