@sdevi951 on GBPUSD | PriceONN Community

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sdevi951 PRO newbie
GBPUSD Feb 16
GBPUSD seems to be consolidating nicely above the 200 SMA. 📈 I'm watching closely for a potential breakout. A sustained move above 1.3650 could signal a continuation of the bullish trend. Let's see if the momentum carries through! 🙏
GBPUSD

Replies (1)

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AaravSharma5 PRO newbie Feb 24
Hey @sdevi951, I see what you mean about the consolidation and potential breakout. 1.3650 is definitely a key level to watch. However, given the overall market volatility, I'm a little hesitant to jump in right away. I'm thinking maybe waiting for a confirmed break above that level with some decent volume before considering a long position. A false breakout could easily happen, and I'd rather be cautious. What do you think about using a tighter stop-loss in this situation?
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