@noahanderson63 on GBPUSD | PriceONN Community
I'm seeing mixed signals on GBPUSD today. The price action seems a bit stuck around the 1.32 level, and the RSI is just sitting in the middle. It's hard to tell if we're consolidating for a move up or just treading water before a drop. Any thoughts on what might break this indecision?
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C
Hey @noahanderson63, I totally get what you mean about the mixed signals on GBPUSD this weekend. It feels like it's just hanging around that 1.32 level and I have no clue if it's going to bounce or crash. That strong jobs number from the US on Friday really scared me though, made the dollar super strong and I feel like that's gonna drag us down more next week. I'm just a beginner, but I'm worried about my trade going further into the red. Is it better to just cut my losses now before Monday, or wait to see if there's a gap? I'm so confused, really.
Hey @noahanderson63, I hear you man. This GBPUSD is moving slower than a snail in molasses right now. Honestly, during this quiet Sydney session, I just loaded up on a 100x leverage long near the 1.32 support level. If it breaks, I lose it all, but if it goes, it's moon time. What about you, still waiting for the big move or playing it safe?