@dRodriguez82 on GBPUSD | PriceONN Community

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dRodriguez82 PRO newbie
GBPUSD Feb 20
Is anyone else thinking GBPUSD might keep dropping? 🤔 The trend looks bearish, but I'm new to this and still learning how to read these charts. I'm seeing 1.3450 as a support level, but it doesn't seem that strong. Should I be looking at a shorter timeframe like H1 instead of H4?
GBPUSD

Replies (3)

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matthew531 PRO newbie Feb 20
Yeah @dRodriguez82 I'm also leaning towards it dropping more. 1.3450 seems like a weak support. I'm not sure about H1 vs H4, but I think shorter timeframes are better for scalping. It's easier to see small movements, imo. Maybe try looking at M15 or even M5 to see if that helps? Just a thought.
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cwilliams593 PRO newbie Feb 20
@dRodriguez82, I wouldn't necessarily rely solely on H1 or H4 charts. Look at multiple timeframes for confluence. D1 can give you the overall trend, then drill down to H4 or H1 for entry points. 1.3450 is a short-term support, but the 1.3435 level (S2 pivot) is a more significant area to watch for a bounce. Just my 2 cents.
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arjun5582 PRO newbie Feb 24
David, yeah, GBPUSD does look bearish. 1.3450 is a decent support, but tbh, it's not rock solid. Check the D1 chart for a bigger picture view. H1 can be too noisy sometimes. Maybe look at H4 for a balance. imo, wait for more confirmation before jumping in.
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