A1 Trading Company

April 30, 2021

Trade Ideas for GU, BTC, SPX500

Frank Cabibi
GU, BTC, SPX on the 4H Chart
4/30/2021
GBP/USD Analysis 
GU on the 4H chart had a false breakout and did end up landing on support on the 200 SMA around 1.38300s. Lots of volatility in the past day or two which was probably a result of USD news. Next week, the pound will probably see some more volatility as they have the Bank of England to talk monetary policy next Thursday.
BTC/USD Analysis 
Although still viewed as a "frothy" market, this crypto seems to maintain its price above $50k. And now, Bitcoin is hitting resistance on the 4H chart in the $57Ks on the 200 SMA. After breaking other resistance in the $56ks, price might find support here if it can't break above.
SPX500 Analysis 
The market looks like it's taking a break after hitting new highs. On the 4H chart, the candle has come down to support in the $4170-4180s zone. This staircase trend is likely a good sign for market bulls as there are several opportunities to buy the dip.

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