Dear fellow traders,
I hope everyone is doing fine and moving towards the ultimate mastery of the markets.
I was lucky enough to get yet another nomination for Trader Of The Year title.
My yearly averages are based on post-Brexit short GBP/USD trade and I was closely fallowing Pound ever since. Interestingly enough - upon the biggest sell-sided crowd as indicated by COT reports just a few weeks ago Pound sky-rocketed in to the abyss of liquidity, producing one of the best classical examples of price action.
At this point Pound opened technicals reaching all the way up till the pre-brexit levels from where it should continue its bear trend eventually. USD/JPY indicating a potential for bullish correction towards 116.xx which will begin a purely USD trade, resulting in corrective Pound bearishness.
Despite the bearish potential inevitably after such exaggerated shoot, still - a major quarterly bullish correction have to be kept in mind.
I will keep my updates flowing if anything interesting will come up on the horizon.
Let the force be with you my fellow solders and good luck!
I hope everyone is doing fine and moving towards the ultimate mastery of the markets.
I was lucky enough to get yet another nomination for Trader Of The Year title.
My yearly averages are based on post-Brexit short GBP/USD trade and I was closely fallowing Pound ever since. Interestingly enough - upon the biggest sell-sided crowd as indicated by COT reports just a few weeks ago Pound sky-rocketed in to the abyss of liquidity, producing one of the best classical examples of price action.
At this point Pound opened technicals reaching all the way up till the pre-brexit levels from where it should continue its bear trend eventually. USD/JPY indicating a potential for bullish correction towards 116.xx which will begin a purely USD trade, resulting in corrective Pound bearishness.
Despite the bearish potential inevitably after such exaggerated shoot, still - a major quarterly bullish correction have to be kept in mind.
I will keep my updates flowing if anything interesting will come up on the horizon.
Let the force be with you my fellow solders and good luck!