If you are trading the GBPUSD, you better look at this

I don’t know about you, but I like to trade the pairs that have clear levels, on both, short and long term charts.

Having clear levels on the long term charts helps me determine which way to trade, and also clear S&R on the short term charts helps me determine possible entry levels.

But take a look at this GBPUSD chart:

We are not even close to have clear S&R levels and as you already know, if we have no clear levels we have no way of knowing which way to trade…

Don’t tell me you are trading the GBPUSD… are you?

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • Gambino Michael

    Noticed the same thing early am….Been doing well on the EURUSD. Until this evening, light on volume, small movements, and unclear chart. Early am hours could make the EURUSD a good trading opportunity again.

    • Raul Lopez

      Hey Michael, I know, it’s been like this the whole week… very very slow… should pick up sometime soon though… Cheers!

  • Eddie

    Hi are you talking of GBPUSD or GBPAUD please?

    • Raul Lopez

      Hey Eddie, thanks for your remark… it’s the GBPUSD I’m talking about (not the GBPAUD). 

      The GBPUSD is the one I wouldnt trade… 

      Cheers,

      Raul

  • Vytautas

    Hi,

    what i did today with GBP/USD just took +20 pips three times, when it bounced from 100 MA… but you are right- there are no clear trend at the moment.. just trying to catch some pips ;)

    • Raul Lopez

      Congrats for your trade… Yeah, I think we do have other options, clearer ones… 

      Cheers,

      Raul

  • Xxxxx

    This article contradicts your previous article with title: “This is how swing trading looks like”!!! 

    • Raul Lopez

      Hey Trader!

      Thanks for your comment!

      I dont think so… GBPAUD and GBPUSD are different pairs, I might see no clear condition in the GBPUSD and see a clear one in the GBPAUD. 

      I never take a decision for instance in the GPBAUD becaue of whats happening in the GBPUSD… makes sense?

      Let me know…

    • Raul Lopez

      I see where your comment comes from, the label in the chart is wrong, I meant the GBPUSD (now it’s fixed).