Where is the profit potential for GBP/USD?

7 thg 3, 2023

GBP/USD: The daily chart is sideways with a weak bullish bias, but the 4-hour chart is suppressed at the upper boundary, so the cycles are not resonating and the amplitude cannot emerge. Therefore, this low-frequency market appears. Regardless of how it operates, traders should take advantage of the fact that the daily chart temporarily does not support a sharp decline and the 4-hour chart does not support a non-major rise, so range trading should be adopted. The lower limit is locked at 1.1965-40, and the upper limit is locked at 1.2110 resistance.

Traders can repeatedly trade within this range.


Trading is for profitable purposes, not for venting frustration or simply for the sake of trading. Therefore, traders must understand what stage the price is in and take corresponding actions. Traders are not always bullish or always bearish, but they always adapt to changes in the market. Traders must have their own defense systems to control risk. Risk control and fund management must be present in your trading.

7 thg 3, 2023

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