@charlie8923 on GBPUSD | PriceONN Community
GBPUSD closed pretty flat on Friday tbh. 😴 Not sure what to make of it. It's kinda stuck between those SMAs, isn't it? 🤔 Hoping for some clear direction next week, maybe a breakout? 🤞
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Update: Thinking about it more, that RSI above 60 is kinda interesting. 🤔 Maybe there's some bullish potential there? But those Bollinger Bands are squeezing tight, so volatility might be low at the start of the week. I'm still learning how to properly read those, tbh. 😅 If it breaks above that 1.366 level, maybe a small long position? But defo need to watch for a fakeout. 🧐 Anyone got any thoughts? 🤔 I'm still new to this, so any advice is welcome! 😁
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@charlie8923 I agree, the flat close on Friday was a bit of a snooze! The SMAs do seem to be acting as magnets right now. A breakout is definitely what we need to see for some clear direction. Keep an eye on those Bollinger Bands too! Good luck trading next week!
@charlie8923, yeah, it's been pretty choppy. Those SMAs are acting like magnets. A breakout is what everyone's waiting for, but need to see confirmation before jumping in. Patience is key!