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Gbpusdneutral

(GBPUSD) Wed, 23 November 2022 SetupOANDA:GBPUSD GBPUSD Neutral bias Status: Open short position and waiting for breakeven confirmation What do I see? - VIX could go bullish as it's on its major Daily low, resulting in USDCHF going bullish. - Low volatility as the market waits for Durable Goods Orders MoM, New Home Sales, and FOMC Minutes report. - Could result in a sideways market in the long run, as people couldn't conclude the direction of the market. Technically speaking both the bulls and the bears are equally strong right now, so let's see how the reports would go. What I would do? - If the reports got a bullish response, I'll go for breakeven and reconsider going bullish. vice versa. Happy Trading! Good luck!
TVC:VIX
by Tenozen
(GBPUSD) Thu, 17 November 2022 SetupOANDA:GBPUSD GBPUSD Neutral bias. Status: Waiting for confirmation What do I see? - Traders are waiting for Building Permits Prel and Housing Starts Report. As the market is aspected to go sideways, both of those reports could impact significantly our next decision regarding the direction of the market. - The market is biased both ways, creating a liquidity pool. What I would do? - Wait for Building Permits Prel and Housing Starts Report. Happy Trading! Good luck!
by Tenozen
GU Has Resumed Going Up: Check It Out In The ChartProbably, the pattern you see in the chart above could appear. If it forms, then it's a great sign of the GU bullish continuation. That is the H1 timeframe. Look at the Bullish engulfing continuation that has formed. I expect this pair to continue moving up to 1.1583 the moment it breaks 1.1515, the current level that the price is trying to break. Look at the trendline and the horizontal lines: these are expected to be broken to the upside if our buying decision would be considered ideal and profitable. Watch out for more update.
by OraclePips