Trading GBP/USD

okay I see.

The overall buy target has already been met. In situations like this, it’s better to fold your hands and see how the market unfolds cos every time a higher timeframe high is taken out, there will always be some corrections. We wait patiently for market to decide.

Unfortunately, I couldn’t get a buy entry for GBPUSD today. I had my limits set but price didn’t retrace to tag me in. Well, the market is full of opportunities.

But are you a swing trader? Cos youre focusing on higher timeframes

I’m a day trader. I execute my trades on the 1hr and 30min timeframes. I get my overall bias on daily and 4hr timeframes.

USD has been weakening for the past week and gold soaring because of the whole sell America thingy, so for the coming days the bias should be bullish.

I absolutely agree. Funny enough both fundamentals and technical analysis allign.

The monthly high for Gpbusd at 1.37897 has been taken out . I will be waiting to see some retracement before the bullishness continues.

I really don’t have anything serious on this pair for now. My eyes are on it and will update when I see something that makes sense.

Trade wisely.

GBP/USD is just trading within the overnight Asian range and refusing to breakout of it. Best to sheathe your sword till a breakout happens

I fully agree with this

I love executing my trades after the Asian session has been used for liquidity. It’s more

Like a confluence for me.

Yes, I think right now price has broken out of the Asian range in the downward direction.

I’m still waiting for the 4hr candle closure to decide.

I am long GBP/USD with 25 pip SL and 42 pip TP

Nice

I'm up 6 pips but I will hold the trade longer till TP is hit.

SL blown.

I will just wait for this month before executing any trade.

😂