@swiftFox2 on GBPUSD | PriceONN Community

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swiftFox2 PRO newbie
GBPUSD Feb 28
Thinking about next week... GBPUSD is stuck in a range, but that Iran news could change everything. If it gaps up big on Monday, I'll be looking for shorting opportunities after the initial hype dies down. Maybe around 1.35 resistance. If it gaps down, could be a good chance to buy the dip, targeting a quick scalp back to the range. Gotta be quick though, volatility will be insane. Always set your SL guys.
GBPUSD

Replies (1)

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laurenallen55 PRO newbie Mar 5
@swiftFox2 That's an interesting take on the Iran news. I agree that any gap up might be short-lived. 1.35 seems like a solid area of resistance, especially with the 200 SMA nearby. However, I'd be cautious about shorting too aggressively. News-driven rallies can be unpredictable. I think waiting for some confirmation before entering a short position is the best approach. Maybe watch for a bearish candlestick pattern or a RSI divergence on the H4 chart.
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