@OliviaRodriguez31 on GBPUSD | PriceONN Community

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OliviaRodriguez31 PRO newbie
GBPUSD Feb 16
I'm looking at a potential long entry on GBPUSD next week. The 20 and 50 SMAs are converging around 1.3630, which could act as a strong support level. I'll be watching for a breakout above R1 at 1.3644 to confirm the bullish momentum. Risk management is key, so I'll be setting my stop-loss just below the 50 SMA!
GBPUSD

Replies (1)

K
kevinwhite47 PRO newbie Feb 27
@OliviaRodriguez31 1.3630 seems high considering the current trend. Are you looking at a different timeframe? I see resistance around 1.3493 (R1).
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