What Is Going on with GBPUSD? 600 Pips at Play? | Forex Trading Top Down Technical Analysis

What Is Going on with GBPUSD? 600 Pips at Play?

Hey y'all!

Happy Sunday and New Year!

Join me as I take a quick look at GBPUSD. I use technical analysis to arrive at my outlook on this pair, using SmartTrader, trendlines, support, resistance and my handy dandy Fibonacci retracement and extension tool.

Using these tools, I'm able to arrive at my projection or hypothesis for the pair and have an analysis for today.

What are your thoughts on this setup? How are you playing GBPUSD?

#technicalanalysis #gbpusdscalpingstrategy #learntotrade #forextrader #tradeforex

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Join me as a I take a look at this forex pair and complete a multiple time frame analysis.

I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.

I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.

You will typically see me cover the following:

AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD

As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.

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Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.

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