GBPUSD Trading Journal
GBPUSD Trading Journal
Price has been in a holding pattern. Weaving in between a tight range since dec 28
Compare to DXY which price almost delivered to the equilibrium today. The Euro is also very close to reaching its equilibrium as well. GBP is taking its time delivering to the equilibrium however. It makes me wonder why this currency is in this holding pattern. I suspect that Euro is just heavier and possibly more volume?
Still in a premium market and this currency is still in a bearish condition.
Price has been in a holding pattern. Weaving in between a tight range since dec 28
Compare to DXY which price almost delivered to the equilibrium today. The Euro is also very close to reaching its equilibrium as well. GBP is taking its time delivering to the equilibrium however. It makes me wonder why this currency is in this holding pattern. I suspect that Euro is just heavier and possibly more volume?
Still in a premium market and this currency is still in a bearish condition.
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.
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.