GBPUSD Market Outlook | Daily Forex Market Breakdown
GBPUSD
GU has pushed up a bit and no looks like we are rejecting of resistance. Keep in mind that we need to see price to reject from resistance more than once before we think about jumping into a trade. There will always be a better opportunity or a better trade. We do not want to rush into a sell because we see one rejection off resistance, this would be gambling. Only impatience less experienced traders rush into trades. Keep in mind that the bulls are still in control for the time being so we could continue pushing to the upside. That being said I feel GU is looking like a really good sell and I am keeping a very close eye on it.
GU has pushed up a bit and no looks like we are rejecting of resistance. Keep in mind that we need to see price to reject from resistance more than once before we think about jumping into a trade. There will always be a better opportunity or a better trade. We do not want to rush into a sell because we see one rejection off resistance, this would be gambling. Only impatience less experienced traders rush into trades. Keep in mind that the bulls are still in control for the time being so we could continue pushing to the upside. That being said I feel GU is looking like a really good sell and I am keeping a very close eye on it.
