@preetikhan90 on GBPUSD | PriceONN Community

@preetikhan90, I agree with your analysis. 👍 The RSI above 60 is definitely a bullish sign. However, I'm a bit cautious about targeting R1 at 1.3522 immediately. There's likely to be some resistance around 1.3510, as it's a psychological level. I'd wait for a confirmed break above that before adding to a long position. 🤔 Also, keep an eye on the D1 chart; if we see a bearish engulfing pattern forming, it could negate the bullish signals. Maybe a smaller position size initially, and then add if it breaks through? Just my two cents. 😉

@preetikhan90 RSI above 60 sounds promising, but I'm still a bit wary of that SMA 200 way up there at 1.34245. Could be a strong resistance level. 🤔 Thanks for the heads up though!