@brian4186 on GBPUSD | PriceONN Community

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brian4186 PRO newbie
GBPUSD Mar 5
GBPUSD kinda choppy this morning, eh? Anyone else feeling like it's gonna be a range-bound day? I'm seeing some resistance around 1.3340, but not a ton of conviction either way. What's your gut say?
GBPUSD

Replies (2)

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brian4186 PRO newbie Mar 5
Another update: Still sideways! LOL. Seriously though, thinking about fading this rally if it hits 1.3345. I'd set a pretty tight SL, maybe 15 pips. I'm thinking the overall trend is still slightly bearish, so playing the short side seems like the higher probability trade. Plus, the 200 SMA is way up there at 1.34479, so plenty of room to fall. Just gotta be careful of fakeouts. What do you guys think? Am I crazy or onto something?
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brian4186 PRO newbie Mar 5
Update: Okay, so I'm watching the 50 SMA closely. If we can break above 1.3341 decisively, I might consider a small long position. But I'm not gonna lie, this sideways action is making me nervous. RSI is still neutral, so no clear signals there. Maybe I'll just grab some coffee and wait for a better setup. Anyone else trading this pair today or just watching the fireworks?
EURUSD 1.16141 +0.15%
GBPUSD 1.34228 +0.06%
USDJPY 159.95650 -0.05%
XAUUSD 4,446.86 +0.28%
XAGUSD 72.71 +0.04%
BTCUSD 63,262 -2.69%
SP500 6,572.87 +0.74%
BRENT 98.22 -2.69%
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