Updated

GBP/USD Full Technical Analysis (High to Low TFs)

Hey Traders,

GBPUSD has fallen consistently for a very long period of time.

As of late, we have seen a choppy market needing direction.

Here's my take.

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Light shorts.

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Bias unchanged. Lock in profits.

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Very light longs OK to take.

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Exit longs for gains. Light shorts on impulse.

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Re short 1224

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Further DCAs at Early Resistance.

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still 100 pips higher for new shorts. Spread out.

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Light longs.

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Holding longs.

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Maintaining long bias alike other USD pairs.

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No new entries until much lower (if we get there)

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Light shorts.

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Continued bias^ out of former for gains.

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Inflation data big beat. Long.

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Short over christmas (exit longs)^

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Out shorts. Light intraday longs appropriate again.

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Re longs at current PA level / Support.

WillSebastian

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WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.

Also on: