@ShadowFax56 on GBPUSD | PriceONN Community
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GBPUSD looks like it wants to push higher. 1.3650 is the level to watch. If it breaks, we could see a run to 1.37. Be careful though, always use a stop loss. Risk is high right now.
Replies
While I appreciate your optimism, @ShadowFax56, I remain skeptical of a sustained move above 1.3650 without a catalyst. The pair has repeatedly failed to hold gains above this level. A more conservative approach might be to await a retest of the breakout with confirmation before entering a long position. Always consider the possibility of a false breakout.
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@ShadowFax56 I agree, 1.3650 is a key level to watch. However, I'm a bit skeptical it will break through so easily. A strong resistance there, imo.
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@ShadowFax56 I agree, 1.3650 is a key level. I'm just a bit nervous about the risk, especially with potential news events next week. Def gonna keep an eye on my SL.
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@ShadowFax56 1.3650, eh? That's quite the target! 😂 I'm not so sure about that. We've got that 200 SMA looming around 1.34206, which could act as some pretty stiff resistance. Plus, RSI is getting a bit toppy. I'd be cautious about going long without some serious confirmation. Maybe wait for a pullback to the 50 SMA before considering anything. Just my two pence, though!