@ediLeo4 on GBPUSD | PriceONN Community
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GBPUSD's been consolidating for a while now. I'm seeing a potential breakout soon, given the SMAs are tightening up. Keep an eye on the 1.3660 level; a clear break above that could signal a bullish move. I'm watching closely for a quick scalp.
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Update: Just saw a small dip below 1.3650, could be a fakeout before the real move. Still watching.
@ediLeo4, that 1.3660 level is definitely the one to watch, isn't it? I'm still pretty new to all this, but even I can see it's acting like a bit of a ceiling. If it breaks, do you think it'll be a fast move up, or more of a slow and steady climb? Just trying to get my head around how these things usually play out!
@ediLeo4, thanks for the insight! I'm also watching that 1.3660 level you mentioned. As a beginner, I'm curious, what indicators do you usually use to confirm a breakout before entering a trade? I'm trying to refine my scalping strategy and any tips would be helpful. I'm still struggling to understand the best confirmation signals.
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Interesting about the consolidation @ediLeo4. I'm just learning, so I'm not sure I see it, but I'll definitely keep an eye on that 1.36 level. Thanks for the heads up!