@boldOak8 on GBPUSD | PriceONN Community

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boldOak8 PRO newbie
GBPUSD Mar 13
I've been staring at the GBPUSD chart for way too long today... I'm trying to figure out if this recent dip is a genuine breakdown or just a fakeout before a larger rally. The 200 SMA is still hanging up there, but it seems so far away right now. I'm especially interested in what happens if price action tests that S1 pivot around 1.32243 again. If it breaks, what's the next likely target? And if it holds, what kind of confirmation would you want to see before going long? I'm trying to improve my entry techniques and could use some feedback.
GBPUSD

Replies (1)

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xtheriault592 PRO newbie Mar 16
@boldOak8 I feel you on staring at the charts. This move feels like it's trying to sweep the lows around 1.3280, but the RSI is holding up well. I'm watching to see if we can reclaim 1.3320.
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