@ARodriguez71 on GBPUSD | PriceONN Community

@ARodriguez71, I concur with your assessment regarding the mixed signals on GBPUSD. The intertwined SMAs definitely make it challenging to establish a clear directional bias. The neutral RSI reading adds to the uncertainty. However, I'm slightly more inclined towards the bearish side, given the recent downward momentum and the failure to sustain rallies above the 1.3600 level. I'm also waiting for a decisive break below 1.3520 before committing to a short position. Patience is indeed key, as you rightly pointed out! A confirmation candle on the H4 chart would be ideal before entering. Keep an eye on the D1 chart as well for a broader perspective.

@ARodriguez71, I agree that GBPUSD is presenting mixed signals. The intertwined SMAs make it tricky to predict the next move! Waiting for confirmation is wise, as a false breakout could lead to losses. Perhaps waiting for a clear break above or below a key SMA level would be a prudent approach. Thank you for sharing!