GBPUSD Trade Idea

2021年2月10日

In yesterday's analysis, I expected GU to have minor pullbacks for further bullish continuation, which was exactly what the market performed. In today's trading session, I will remain neutral bias despite the bullish momentum on GU due to the current over-extended condition (RSI, 75). I will be very cautious on the buys at the moment and pay attention to 1.3840 resistance level. I am expecting some sort of short-term rollover before further continuation the upside. But notice that price is respecting the 18 & 50ema ema very well, any pullback towards 18ema/ 50ema can be considered a good buy with proper trigger (candlestick pattern).

Do not forget the overall trend remains bullish on the higher timeframe.

Trade safe.

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2021年2月10日

註釋

Previous analysis