FX.co ★ GBP/USD: Simple trading tips for beginner traders on July 4th (US session)
Forex Analysis:::
GBP/USD: Simple trading tips for beginner traders on July 4th (US session)
Analysis of Trades and Tips for Trading the British PoundTesting the price at 1.2751 coincided with the moment when the MACD indicator was starting to move upward from the zero mark, confirming the correct entry point for buying the pound. However, the pair did not experience significant growth. Low trading volume and low volatility in the second half of the day will likely result in trading within the channel, making strong price movements unlikely. Considering that there are no U.S. statistics today, it is better to trade from local highs and lows in opposite directions. As for the intraday strategy, I plan to act based on Scenario 2.