@amitchowdhury29 on GBPUSD | PriceONN Community

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amitchowdhury29 PRO newbie
GBPUSD Mar 2
This GBPUSD range reminds me of that consolidation we saw back in August. Similar setup, felt like it was gonna break up but then it dumped. Gotta be careful not to jump the gun. Maybe wait for a confirmed breakout above 1.3415 before going long?
GBPUSD

Replies (1)

kamranali
kamranali PRO newbie Mar 3
@amitchowdhury29 That's a good point about August! I'm also being cautious. I'm thinking of waiting for a clear break above 1.3370 *and* a confirmation on the H4 chart before considering a long position. This consolidation feels kinda risky. tbh I'm still learning how to properly read these patterns. maybe a small position with a tight SL just in case? What do you thnk?
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