@lindawilliams56 on GBPUSD | PriceONN Community
Anyone else getting flashbacks to early November with this GBPUSD action? 🤔 We had that indecisive sideways movement for days, almost identical SMA positioning as now, then BAM 💥 big push upwards. Of course, past performance isn't a guarantee, but the chart symmetry is striking. I'm watching closely for a similar catalyst.
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Update: Digging a little deeper into that early November comparison... The RSI was hovering around similar levels too, just above 50. And the Bollinger Bands were squeezing tight, just like they are now. I remember there was a surprise inflation report that triggered the breakout then. This time, we've got some key employment data coming out next week, so that could be our potential catalyst. I'm going to keep an eye on the D1 chart for any early signs of momentum building. May be a good swing trade opportunity if it all lines up.🤞