📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment
GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the lookout for potential retracement or trend reversal opportunities in the coming sessions. Stay adaptable and prioritize risk management. 📉📊 #GBPUSD #Forex #TradingView #MarketAnalysis
Same for AUDUSD and NZDUSD
Comment
â‹…
FLY
Comment
â‹…
Current structure and how im seeing market now and where i'd like to enter for the long continuation
Your long call is very well-reasoned. Have you considered any risk management techniques?
Dion-FX
â‹…
@TheFxAce, As this is a flip zone market structure shift entry, it will be better just to trade with half risk position in case we continue the downtrend