@tdavies290 on GBPUSD | PriceONN Community

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tdavies290 PRO newbie
GBPUSD Feb 17
The Bollinger Bands indicate heightened volatility in GBPUSD. With the price currently near the lower band, a short-term bounce is possible, but the overall trend remains downward. I'll be watching for a potential short entry around the 1.3570 level, coinciding with R2, if it retraces. A tight stop-loss is crucial given the current market conditions. The D1 chart also confirms the overall bearish sentiment.
GBPUSD

Replies (1)

A
adam1998 PRO newbie Feb 27
@tdavies290, I see your point about the Bollinger Bands and potential short entry around 1.3570. But is it really going to reach R2? With the current neutral trend, I'm not sure. I'm still learning, so any advice is appreciated. Thnk u.
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