Would You Buy Or Sell GBPUSD? Potential Pullback?

[@heybear7271]

Thanks for all your teaching Shaquan 😍

[@Shaquanlopez]

Ahh you're welcome dear

[@TheCurrencyQueen]

Yea I agree, GU is in an overall downtrend trending below the 200 EMA on the Daily. It is also showing resistance at a previous support level around 1.23202. Waiting to see if it breaks below 1.20702 on the daily because it’s still showing a decent bearish push down. I typically drop from the daily to the 4hr and draw up s&r zones that are strong and wait for a break above or below the support or resistance areas to get in. So I agree, wait and be patient and let the trade come to you!!!

[@Shaquanlopez]

Hi Queen. I love you analysis GU. Patience will pay.

[@TraderGalaxy]

I also agree you should wait. I actually think it will go through that demand zone you drew as It looks a little week. It's been hit a couple of time daily already. I actually have a Fresh Demand zone down at 1.18598 to 1.8032. I also tend to go with the direction of the market so If its down I would take the pullback into a supply and play the downward action towards my previously mention Demand Zone. Also volume's a little low so this would reinforce my action. But yes just wait and let the trade whichever direction you choose come to you!

[@Shaquanlopez]

Great analysis. Patience will pay here.

[@vinniescheatcode]

I'm Buying GBPUSD based on structure and news coming out this week

[@danielkwaji651]

Hi mam Daniel from Nigeria I really enjoy your teaching but I don't use to get your live KZbin channel

[@Shaquanlopez]

Thank you for watching Daniel. I appreciate you.

[@aamersaeed1529]

Very informative

[@Shaquanlopez]

Thank you

[@danielkwaji651]

I'm still in trade for buy since Friday at the support line just break at h1 I see they is imbalance influence me to enter but it I'm in draw down but I see it try to develop support

[@aamersaeed1529]

It seems like a quasimodo pattern it may go buy from here.

[@Shaquanlopez]

lol What is a quasimodo pattern?

[@aamersaeed1529]

What about the EURUSD??

[@Shaquanlopez]

GBPUSD and EURUSD look about the same right now.

[@aamersaeed1529]

Didn't price already break the last lower high in GBPUSd on daily time frame??

[@Shaquanlopez]

Yes, I mentioned the high on the daily timeframe.