Strong rejection and COT data suggest lower prices

Price was strongly rejected in the confluence of inverted FVG, Breaker and Order block. All this is in the premium of the recent swing. In COT data I can see that MM were closing the long positions and building the shorts while the price was in this two-week pullback. Overall their net flipped to the negative -28K. This suggests that we will see lower prices in the next weeks. It is also in perfect confluence with the USD Analysis

Always follow these rules

- Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low

“Adapt what is useful, reject what is useless, and add what is specifically your own.”

Dave FX Hunter ⚔

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