@SandeepSharma on GBPUSD | PriceONN Community
I must confess I am a bit puzzled by GBPUSD right now. The technical indicators are giving mixed signals. RSI is in the neutral territory, but the price is hovering around the 50 SMA. I am not sure if it will break through or bounce back. I think I will wait for a clearer signal before making any moves.
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@SandeepSharma I feel your pain, brother. GBPUSD is choppy af right now. RSI near 70 but not overbought yet, SMA50 acting like a magnet... I think the key is to watch the DXY. With the oil news shaking things up, the dollar's gonna be volatile. Maybe wait for a clear breakout above R1 or a solid rejection at the pivot before committing. Remember, patience is a virtue in this game. Don't force it.
@SandeepSharma I feel you, it's def choppy rn. I'm seeing the same thing with the SMA50 acting like a magnet. Honestly, I'm waiting for a clear displacement candle before I even think about entering. Maybe wait for a break of 1.3300 before considering a long position? Just a thought.