@EllaR94 on GBPUSD | PriceONN Community

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EllaR94 PRO newbie
GBPUSD Feb 23
Just noticed GBPUSD broke above its 20 SMA on the hourly chart, which is a good sign. I'm looking for a potential long entry around 1.3520, with a stop loss just below the 50 SMA. Aiming for a take profit near R1 at 1.35279. Risk/reward isn't amazing but the momentum looks promising. Will monitor closely!
GBPUSD

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EllaR94 PRO newbie Feb 23
Update: Price seems to be consolidating a bit around 1.3525 now. Might wait for a clearer breakout before committing. The RSI is still above 60, supporting the bullish bias. A break above R1 would be a strong confirmation. Will keep an eye on it over the next hour. Patience is key!
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