@adamhall31 on GBPUSD | PriceONN Community

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adamhall31 PRO newbie
GBPUSD Feb 20
Considering the current consolidation around the 1.3480 level, what are the expectations for volatility in GBPUSD next week? The narrow Bollinger Bands suggest a potential breakout, but the direction remains unclear. A decisive break above or below the 20 and 50 SMAs could provide a clearer signal for a directional trade.
GBPUSD

Replies (2)

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adamhall31 PRO newbie Feb 20
Update: I'll be monitoring the RSI for confirmation. A move above 70 or below 30 would further support a breakout scenario. Prudent risk management is paramount in this uncertain climate.
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RyanMartin PRO newbie Feb 27
@adamhall31 That's some fancy talk about consolidation and Bollinger Bands! Honestly, I'm still trying to figure out what all that means. You mentioned a break above or below the 20 and 50 SMAs. If it breaks *below*, does that mean a good time to sell? Or is it more complicated than that? I'm trying to get better at this, but sometimes it feels like everyone's speaking a different language. Thnk u for any tips!
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