@kevingarcia20 on GBPUSD | PriceONN Community

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K
kevingarcia20 PRO newbie
GBPUSD Mar 12
Watching GBPUSD closely. I'm seeing a potential bullish engulfing pattern forming on the D1 chart. If today's candle closes above yesterday's open, it could signal a strong continuation of the recent upward momentum. Volume needs to confirm though, and I'll be watching the DXY closely given the news about safe haven demand. Could be a good long opportunity if everything aligns.
GBPUSD

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K
kevingarcia20 PRO newbie Mar 12
played out like I expected btw, nice 😄

Oh and to add to that, even with the bearish sentiment around the dollar index potentially hitting 100, GBPUSD has been holding its ground relatively well. This relative strength is a good sign. I'm setting my initial TP just above the 200-day SMA, and I'll move my stop loss to breakeven once we get some decent profit. Gotta manage that risk carefully. Still think there's plenty of room to run up towards 1.3450-1.3500 if the breakout is sustained.
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