GBP/USD: Bearish Position Opportunity

18 июл.

The GBP/USD pair is currently retesting a previous strong supply area, with the price in an overbought condition. This situation presents a compelling opportunity for a bearish position for several reasons:

1. Overbought Condition: The price has reached an overbought level, suggesting that a reversal or pullback could be imminent as buyers may be exhausted and sellers could step in to take control.

2. Commercial Traders' Bearish Positions: Commercial traders, who are typically considered the "smart money" due to their significant market influence and insider knowledge, are currently holding bearish positions. This indicates a strong expectation of downward movement in the GBP/USD pair.

3. Retail Traders' Long Positions: Retail traders, who are often on the wrong side of the market, are still predominantly long. This contrast between commercial and retail traders' positions can serve as a contrarian indicator, reinforcing the bearish outlook.

Considering these factors, we are looking to enter a bearish position on the GBP/USD pair. The retest of the strong supply area, combined with the overbought condition and the positioning of commercial and retail traders, provides a solid foundation for anticipating a potential decline in the pair's price.

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23 июл.

Сделка активна

25 июл.

Сделка закрыта: достигнута тейк-профит цена

✅ Closing 50% Position and Move SL to Breakeven

29 июл.

Сделка активна

✅ Waiting for TP2 and Set a potential Trade for a Reversal.

1 авг.

Сделка активна

✅ Closed 50% and Move SL to breakeven. Close at your discretion.

2 авг.

Сделка закрыта: достигнута тейк-профит цена

✅ Close 100%