BXYDXYGBPUSD Currently in a no-trade zone for SWINGS until a confirmation; any price action in this region would be considered unreliable. However, we are observing bullish price action.
The question is whether this is simply a retracement to the downside, similar to what we saw in the first week of November, or the beginning of a new upward trend. That said, the price is currently at a discount, presenting opportunities for both long and short positions.
It's important to take your profits on time and avoid letting losses grow. Keep them small and manage your risk carefully, as market conditions can change quickly.
GBPUSDBXY Looks very bullish aiming to close a GAP so be careful shorting over the next week or so if you're a swing trader tradingview.com/x/7Uy90B10/