On the daily chart, GBPUSD has a Bearish Channel, that's great news for trend traders and trend following traders.
For Counter-Trend traders, the 1-hourly chart has a pretty good setup for a buying opportunity.
If you have seen my video analysis, you would have known that I prefer to apply my sideway bounce trading strategy on GBPUSD over EURUSD and 1 of the many reasons is that it has a less trending nature than EURUSD.
Buying Opportunity at 1.3742 and Selling Opportunity at 1.3832.
For Counter-Trend traders, the 1-hourly chart has a pretty good setup for a buying opportunity.
If you have seen my video analysis, you would have known that I prefer to apply my sideway bounce trading strategy on GBPUSD over EURUSD and 1 of the many reasons is that it has a less trending nature than EURUSD.
Buying Opportunity at 1.3742 and Selling Opportunity at 1.3832.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.