The 2 GBP charts today GU, and GJ looked like they were going down at the point of posting and EU was a Long trade (because the MTS and multiple STS and the white lines). Why I thought the GBP pairs were worth a short was because,
GU - MTS below the price, Multiple longies entered the market(histogram below the chart), the STS above the price weren't that much of a high accumulation
GJ - High amount of STS below the price, multiple MTS below the price, Longies had entered the market (histogram below the chart)
Please feel to correct my mistakes here FF. What were the more prominent factors which played a part here?.
Regs,
Ale