Gbpusdneutral
GBPUSD-NEUTRAL buy potentialWe got stopped out 1.3480 and for me it turned neutral and this still is the case with some upside bias.
My issue is we have been within the cloud and only much lower we can find support 1.3300 so am not comfortable buying as yet. The stochastic is positive and seems turning north.
I prefer to stay out of this one for now.
GBPUSD- NEUTRAL The stop-loss was executed at 1.3480 and we are clearly below the cloud support within the cloud.
I will observe the coming sessions its behavior before starting a new position.
Overall, the stochastic RSI suggest oversold status but for now will remain neutral until a clearer picture develops.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
As we see the closest pairs of GBPUSD are in neutral zone, so is the case with GBPUSD itself. The price actions and volatility in general do not implicate any strong momentum move and therefore staying away will be a good decision for the time being.
GBPUSD Trade ideaI’ve posted a few ideas for trades i have taken personally on this pair. I have been steadily taking partials and moving stops up into profit. They finally got me this morning. But that’s what they are there for. Currently this pair seems to be ranging around the 1.38 level. I’m expecting and break to the upside followed by a sell back down into the consolidation so we can pursue those lower price targets. once this happens i’m going to release another update. for those of you who followed i appreciate you being here and i hope to welcome many more as time goes on. As for now have a good morning everyone and let’s have a profitable week.