Extracted Posts

Pound is bearish. Us fundamentals recent showed that it is strong vs Uk who's economy is weaker. Pound vs Dollar is bearish. I placed sell position @ 1.3650. Take profit maybe 1.24 or until some fundamentals change. If fundamentals are better for USA and still bearish for UK, than will be looking to hold below 1.24 and add sell positions on any pullback opportunities present itself.

Bottom for dxy is in strong multi-year support in parallel channel. Shorting the dollar and dollar to keep weakening against other currencies is getting crowded so a reverse is happening.

Yes you should.

GBPUSD is bearish you are right. Going to 1.24. Just sell and hold, you will make lots of money.

Not happening, GBPUSD is falling all the way to 1.25.

Based on weak UK data numbers. USA is much stronger, Dollar is turning bullish, and it is going back up to 110 maybe above. Pound is going to 1.25. UK cut rates already and they will do more. USA is on hold and they do not know if they will cut at all. With recent higher inflation numbers, they will not cut but hold. UK inflation is too hot, so they will cut. Try to look at data, and than go on the charts. Do not allow yourself reacting on smaller timeframes, you will always lose money. Look at monthly and weekly chart, it paints a big picture. Your entries on daily, you will be amazed, how much money you will earn. Support area around 1.34 you are talking about is where majority of retail traders will buy, that is where the price will break further below and take everyone stop losses out.

You can use sentiment from myfxbook, but it is not reliable, it is just to see the mood of market participants. It is not an indicator to go short or long, just because more people are buying GBPUSD does not mean anyone should buy or go against it and sell. Look at data, and time the entry, that is your best tool.

That is fine. They are not 100% correlated, sometimes they both can go up or down.

Good news for the Dollar.

Says who you? I tell you what come back here in 3-4 months and will see where GBPUSD will be.