Gpbusdanalysis
GBPUSD:Do My Observations Align with Yours in the Trading Arena?Examining the GBPUSD price, it's evident that the market has been moving sideways since December of the previous year. During such periods, it's advisable to refrain from taking any action and patiently await a clear market direction. Executing trades aligned with the overall market trend is crucial, yet the current prices are not providing a distinct indication. 📉📈
In times of uncertainty, it is wise to follow the advice that my father has shared with me: when unsure of what to do, it's often best to do nothing at all. Notably, there seems to be liquidity at approximately 1.28000 and 1.25500, a pattern observed consistently. Market makers tend to extract liquidity from both ends, bringing prices to a balance point before a new trend emerges. ⚖️💹
Hence, it is crucial to exercise patience and discipline. In the realm of asset trading, exploring various pairs and assets can open up more opportunities for profitable trades. In the current market scenario, I am committed to practicing patience and allowing the price to reveal its direction before making any trading decisions. ⌛👀
Break and retest on GPBUSD Daily TFGBPUSD broke out of the resistance and it has turned the previous resistance now to support.
I am anticipating a continuous upward trend to the to the target levels marked above.
However, if price falls back below the support, I may look for a sell short. (GU hasn't ben my favourite to trade lately)
What is your anticipation? Kindly Like, comment and share
GBPUSD SHORT STOP 1.37954dont trade before SELL stop, if you get 20 to 30 pips kindly close,its good for investment 2% risks.
if you wanna more pips fully risks for urs.
we are only try to hit baby pips if you like this analysis,please support our idea by hitting the like button and share to ur frnz. we will support start to end trading
hava a great trading!