GBPUSD On the Series of Looking for LOY (Low of the Year)

19 de jul. de 2019

Hey co-traders, 1st off, our GU is seating off on Major Short Trend. It's not wise to buy until cloud is clear. We can see how she tries to move up and keep on getting rejected on those key levels on volume. Dynamic wise, dealers still have a room for it down to the bottom to 1.235 or lower, which could be calculated as economic factor depreciates its price on the price chart. MM swiftly moved their motive on a matter of week to entice appearing LOY last few weeks, but we all know it's not real until another price has been unfold for it. For PA, she tries to move up on spike but shows a sign of exhaustion and will eventually show just a long wick on every spike or economic news. There was one good rally we have had experienced 20 hours ago. Although the high it has given up with was eventually rejected. Hence, apparently, considering this a "Rally Rejection Trade Setup" based on volume, as there's a heavy room seated on resistance. Let's probe each trade and analysis, and validate it with truth, figures, economic facts and valid confirmation. Personally, I could be cold wrong but it shouldn't meant to affect other traders strategy to it, not trying to be right on this, but just trading with solid facts and confirmations. Healthy exchanges of views with others also validates trades with some other currency pairs. What's your insight for this pair?