GBPUSD - OUTLOOK

29 apr 2022

GBPUSD - OUTLOOK

GBPUSD continued it's major dipping today and caught us on our heels. DXY is the main driving factor as it is wiping out early highs in anticipation of the FED HIKE RATE. Something is fishy with DXY and I think it's in for a large drop with ultimately push GBPUSD. GBPUSD isn't miles away from it's lows so there should be some resistance found soon and we will see a reversal but not until the HIKE rate.

I will monitor this pair and look for scalps and a swing when the time is right. DXY is in control now and we need to wait for sell off to happen before we can long!

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Pip count this week 💰🏆

WTI SHORT / 74 pips ✅
GBPUSD LONG / -26 pips ❌
WTI SHORT / 185 pips ✅
WTI SHORT / -10 pips ❌
GOLD BUY / 70 pips ✅
GOLD SELL / 170 pips ✅
WTI SHORT / 200 pips ✅
GOLD SELL / -30 pips ❌
GBPUSD SELL / 67 pips ✅
GOLD SELL / 30 pips ✅
WTI SHORT / 60 pips ✅
WTI SHORT / 130 pips ✅
GBPUSD SELL / -30 pips ❌
GBPUSD SELL / -15 pips ❌
WTI SELL / -70 pips ❌

15 trades taken

9 wins ✅
6 losses ❌

60% win rate

Combined in the communities this is 805 pips which is an outrageous way to close out the month!🤯