GBPUSD WEEKLY BIAS - BEARISH
My weekly bias for GBPUSD - bearish
Commitment of traders were big on bearish orders in February
which is the reason for the explosive down move.
Commercial bearish orders are decreasing which tells me a possible
bullish move by institutions is pumping up.
I'd like to see price push down to 1.35000-1.34000 area in my weekly
bullish order block which is also in confluence w/ my fib retracement
zones.
Dollar is getting stronger & breaking highs which means GU,EU,AU should be weakening.
I will be hunting for sell ideas this week.
Commitment of traders were big on bearish orders in February
which is the reason for the explosive down move.
Commercial bearish orders are decreasing which tells me a possible
bullish move by institutions is pumping up.
I'd like to see price push down to 1.35000-1.34000 area in my weekly
bullish order block which is also in confluence w/ my fib retracement
zones.
Dollar is getting stronger & breaking highs which means GU,EU,AU should be weakening.
I will be hunting for sell ideas this week.
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