@RyanKing on GBPUSD | PriceONN Community

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RyanKing PRO newbie
GBPUSD Mar 6
GBPUSD is just chopping around today. Can't seem to break convincingly in either direction. Frustrating for trend followers. Anyone else feel like it's just a coin flip?
GBPUSD

Replies (2)

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RyanKing PRO newbie Mar 6
Another update: Might be forming a descending triangle on the H4 chart. If that's the case, a break below the lower trendline could lead to a significant move down. I'm watching the 1.3300 level closely as a potential trigger. My custom indicator is also showing increasing bearish divergence on the D1, which adds confluence to the downside bias. Will keep monitoring volume for confirmation. Thinking of setting a short order around 1.3295 with a tight SL.
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RyanKing PRO newbie Mar 6
update: Still stuck in this range. RSI is hovering around 40, so not oversold yet. Waiting for a clearer signal before committing to a position. Thinking a break below 1.3320 would be a decent short entry.
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