@harry804 on GBPUSD | PriceONN Community

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harry804
harry804 PRO newbie
GBPUSD Apr 7
Just saw this YouTube video from some guy named 'ForexGuru' talking about how the current GBPUSD move looks like a textbook bull flag forming! He said if we break that 1.3300 level with volume, we could see a quick surge to 1.3350 or even higher. He also mentioned keeping an eye on the RSI, which is looking pretty strong right now.
GBPUSD

Replies (1)

K
KabiruSuleiman PRO newbie Apr 14
Hi @harry804, it's interesting you're seeing a bull flag pattern. While the price action has been positive, I'm not quite convinced on the volume supporting a textbook bull flag breakout just yet. The RSI is indeed climbing, pushing into overbought territory on the H1, which warrants caution. I'd prefer to see sustained volume above the 1.3515 pivot resistance before considering any aggressive long positions based on that pattern.
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