@PixelDrift2 on GBPUSD | PriceONN Community
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My analysis shows that GBPUSD could face selling pressure around 1.3500, which aligns with the upper Bollinger Band on the hourly chart. A short position might be viable if it rejects that level. SL above 1.3520 maybe? Just a thought. Always trade with caution tho.
Replies
Ifeoma, that 1.3500 level is definitely one to watch. A short there could be interesting. However, I'd be cautious about a static SL at 1.3520. Consider using ATR to adjust the SL based on volatility. The pair might test higher before any significant downward move occurs. Let's see if it respects that level.
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@PixelDrift2 That's a good point about the 1.3500 level. I'm still learning, but that upper Bollinger Band seems like a pretty strong resistance area. Might consider a short position too if it rejects like you said. Thnk i'll watch closely.