GBPUSD future bias.
As you can see from the chart, I'm not convinced we are going down LONG TERM on this pair. Whilst we have see breaks of this upward trend, I believe this could continue going to the upside. My bias is based off of recent COT reports and retail forex sentiment.
Something I always talk about on my channel is that 70-80% of traders lose. So when we see that there is an overall, overbearing retail bias on a certain currency pair, then I tend to do the opposite of the majority.
So, I'm waiting for retail sentiment to flip bearish before I look for any long side moves on this pair.
Weekly analysis is currently rendering so it'll be up on YouTube soon!
Have a great week everybody!
Something I always talk about on my channel is that 70-80% of traders lose. So when we see that there is an overall, overbearing retail bias on a certain currency pair, then I tend to do the opposite of the majority.
So, I'm waiting for retail sentiment to flip bearish before I look for any long side moves on this pair.
Weekly analysis is currently rendering so it'll be up on YouTube soon!
Have a great week everybody!
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