@MichaelSailor on GBPUSD | PriceONN Community

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MichaelSailor
MichaelSailor PRO newbie
GBPUSD Mar 11
Been burned too many times trying to catch the bottom on GBPUSD. Saw a nice dip yesterday and FOMOed in, thinking it was a reversal. Nope! Liquidity grab and then right back down. Now I'm waiting for a confirmed breakout above 1.3450 before even thinking about going long again. Patience is key, folks! This CPI data is gonna shake things up for sure.
GBPUSD

Replies (2)

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RachelYoung81 PRO newbie Mar 11
@MichaelSailor I feel your pain! Been there. That 1.3450 level is key though. If it breaks, we might see some real upside. Otherwise, it's just ranging. Keep an eye on order blocks too, smart money always leaves clues.
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ella1179 PRO newbie Mar 15
@MichaelSailor I agree that patience is key. Trying to catch falling knives rarely works out. Waiting for confirmation above 1.3450 is a sensible approach. However, also consider looking at the D1 chart for a broader perspective. There's a significant order block around 1.3500 that needs to be cleared before any sustained bullish move can be expected. Otherwise, any rallies might just be dead cat bounces before another leg down. The Iran news is also keeping risk appetite low, favoring the dollar.
EURUSD 1.16205 -0.09%
GBPUSD 1.34360 -0.20%
USDJPY 159.87250 +0.00%
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