๐ช๐๐๐๐๐ฌ ๐๐ก๐๐๐ฌ๐ฆ๐๐ฆ โ ๐ฒ๐๐ญ! ๐๐๐ฃ ๐๐จ๐ง๐จ๐ฅ๐๐ฆBritish Pound FuturesCME:6B1!ShaboS๐ช๐๐๐๐๐ฌ ๐๐ก๐๐๐ฌ๐ฆ๐๐ฆ โ ๐ฒ๐๐ญ! ๐๐๐ฃ ๐๐จ๐ง๐จ๐ฅ๐๐ฆ ๐ ๐ฎ๐ฐ.๐ฌ๐ด. โ ๐ฎ๐ด.๐ฌ๐ด.๐ฎ๐ฌ๐ฎ๐ฒ The ๐๐๐ฃ ๐๐๐๐๐ฟ๐ฒ๐ has had ๐ฐ ๐ฐ๐ผ๐ป๐๐ฒ๐ฐ๐๐๐ถ๐๐ฒ ๐ฏ๐๐น๐น๐ถ๐๐ต ๐๐ฒ๐ฒ๐ธ๐. Price has now taken the ๐ฒ๐พ๐๐ฎ๐น ๐ต๐ถ๐ด๐ต๐ from May 1st and May 11th out of the market. These highs are located within a ๐ช๐ญ ๐ข๐ฟ๐ฑ๐ฒ๐ฟ ๐๐น๐ผ๐ฐ๐ธ. Interestingly, price did ๐ป๐ผ๐ ๐ฐ๐น๐ผ๐๐ฒ ๐ฎ๐ฏ๐ผ๐๐ฒ this level on Friday. This could potentially indicate a ๐น๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ ๐๐๐ฒ๐ฒ๐ฝ. So far, this is what the chart is showing. ๐๐จ๐ง ๐ช๐๐๐ง ๐๐ข ๐ง๐๐ ๐๐จ๐ก๐๐๐ ๐๐ก๐ง๐๐๐ฆ ๐ง๐๐๐ ๐จ๐ฆ? ๐ก๐ข. ๐ญ โ ๐ฆ๐๐๐ฆ๐ข๐ก๐๐๐๐ง๐ฌ Looking at the seasonal tendency, the GBP currently shows a ๐ฏ๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ฒ๐ป๐ฑ๐ฒ๐ป๐ฐ๐. ๐ก๐ข. ๐ฎ โ ๐ฉ๐๐๐จ๐๐ง๐๐ข๐ก Compared with the ๐จ๐ ๐ญ๐ฌ-๐๐ฒ๐ฎ๐ฟ ๐ฏ๐ผ๐ป๐ฑ (UK10YGBP) and the ๐๐ซ๐ฌ, the GBP currently appears ๐๐ฒ๐ฟ๐ ๐ผ๐๐ฒ๐ฟ๐๐ฎ๐น๐๐ฒ๐ฑ. This supports a potential ๐๐ต๐ผ๐ฟ๐ ๐๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ. ๐ก๐ข. ๐ฏ โ ๐๐ข๐ง ๐๐๐ง๐ The COT positioning is particularly interesting. ๐๐ฎ๐ฟ๐ด๐ฒ ๐ฆ๐ฝ๐ฒ๐ฐ๐๐น๐ฎ๐๐ผ๐ฟ๐ are strongly ๐ฏ๐๐น๐น๐ถ๐๐ต. ๐ฆ๐บ๐ฎ๐น๐น ๐ฆ๐ฝ๐ฒ๐ฐ๐๐น๐ฎ๐๐ผ๐ฟ๐ are also strongly ๐ฏ๐๐น๐น๐ถ๐๐ต. At the same time, ๐๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ถ๐ฎ๐น๐ are strongly ๐ฏ๐ฒ๐ฎ๐ฟ๐ถ๐๐ต. From a contrarian perspective, I pay particular attention to the Commercial positioning. ๐ช๐ฒ ๐ฎ๐ฟ๐ฒ ๐ณ๐ผ๐น๐น๐ผ๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐๐ถ๐ฑ๐ฒ ๐ผ๐ณ ๐ฆ๐บ๐ฎ๐ฟ๐ ๐ ๐ผ๐ป๐ฒ๐ โ therefore, the COT data also point towards a potential ๐ฏ๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ. ๐ฆ๐ข, ๐ช๐๐๐ง ๐๐ข๐๐ฆ ๐ง๐๐๐ฆ ๐ ๐๐๐ก? When combining the different factors, we have a very interesting setup: ๐๐ต๐ฎ๐ฟ๐ ๐ฃ๐ ๐๐ฟ๐ฟ๐ฎ๐ โ ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐ฆ๐ฒ๐ฎ๐๐ผ๐ป๐ฎ๐น๐ถ๐๐ โ ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐ฉ๐ฎ๐น๐๐ฎ๐๐ถ๐ผ๐ป โ ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ข๐ง โ ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐น๐น ๐ฐ ๐ฎ๐ฟ๐ฒ๐ฎ๐ ๐ฎ๐ฟ๐ฒ ๐ฐ๐๐ฟ๐ฟ๐ฒ๐ป๐๐น๐ ๐ฝ๐ผ๐ถ๐ป๐๐ถ๐ป๐ด ๐๐ผ๐๐ฎ๐ฟ๐ฑ๐ ๐ฎ ๐ฝ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น ๐ฟ๐ฒ๐๐ฒ๐ฟ๐๐ฎ๐น. There is also a clear potential target below price: ๐๐ค๐จ๐๐ ๐๐ข๐ช๐ฆ. This creates a pool of sell-side liquidity and gives a potential bearish move a clear objective. The key now is to wait for price action to confirm the idea. I will be watching how price reacts at the current highs and whether we get a proper bearish confirmation before considering a short setup. ๐ช๐ฒ ๐๐ถ๐น๐น ๐๐ฒ๐ฒ. ๐ โ ๏ธ ๐๐๐ฆ๐๐๐๐๐ ๐๐ฅ This content is for ๐ฒ๐ฑ๐๐ฐ๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฎ๐ป๐ฑ ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฝ๐๐ฟ๐ฝ๐ผ๐๐ฒ๐ ๐ผ๐ป๐น๐ and does not constitute investment advice, financial advice, or a recommendation to buy or sell any financial instrument. Trading involves a ๐ต๐ถ๐ด๐ต ๐น๐ฒ๐๐ฒ๐น ๐ผ๐ณ ๐ฟ๐ถ๐๐ธ and you may lose some or all of your invested capital. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Past performance is not indicative of future results. Always conduct your own research and consider your individual risk tolerance before making any trading decision. #Trading #GBP #GBPFutures #Forex #ICT #SmartMoneyConcepts #PriceAction #WeeklyAnalysis #DayTrading