(GBPUSD) Wed, 23 November 2022 Setup

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GBPUSD

GBPUSD Neutral bias
Status: Open short position and waiting for breakeven confirmation

What do I see?
- VIX could go bullish as it's on its major Daily low, resulting in USDCHF going bullish.
- Low volatility as the market waits for Durable Goods Orders MoM, New Home Sales, and FOMC Minutes report.
- Could result in a sideways market in the long run, as people couldn't conclude the direction of the market. Technically speaking both the bulls and the bears are equally strong right now, so let's see how the reports would go.

What I would do?
- If the reports got a bullish response, I'll go for breakeven and reconsider going bullish. vice versa.

Happy Trading! Good luck!

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تم فتح الصفقة

There is a divergence between GBPUSD and USDCHF, as both go upwards in the short run. We'll see how the VIX and the report goes. I'll update as soon as the report comes out.

Ciao...

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تم إغلاق الصفقة يدويًا

I conclude on breakeven...

Trade safe! Be patient.