Trading GBP/USD

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@headies25284 - 10 hours ago

Looking at GBP/USD from a 3-month timeframe, my overall bias remains bearish, though I stay flexible if the market proves otherwise. The previous 3-month high has already been swept, while the downside liquidity below the low is still intact. From a technical standpoint, I would prefer to see that low taken out before even considering any meaningful long setups, as that would better align with a cleaner liquidity-driven structure.

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@titi_nwa - 10 hours ago
Quoted - kehinde

Bro what are you saying, read what Investopedia said, DXY is a measure of the strength of the dollar vs a basket of major fx pairs, this is common knowledge

I also researched it and this is what if found it can be expressed in percent. If you have a different opinion show us your source of info

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@patrader - 10 hours ago
Quoted - titi_nwa

I also researched it and this is what if found it can be expressed in percent. If you have a different opinion show us your source of info

Don't get hung up on terminology focus on trading.

Just do better in the next day then you did yesterday. The mumbo jumbo won't help.

I will tell you this. This entire week every days high low was either made in frankfurt or pre-frankfurt. You did not need to know any fancy stuff.

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@headies25284 - 10 hours ago
Quoted - kehinde

Bro what are you saying, read what Investopedia said, DXY is a measure of the strength of the dollar vs a basket of major fx pairs, this is common knowledge

You are right — that is common knowledge. My point was not to challenge the fact about DXY or how it’s calculated, but simply to clarify that the interpretation being made wasn’t fully accurate in context. I was only trying to add perspective to help refine the understanding, not to dispute the fundamentals.

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