@CoolBear99 on GBPUSD | PriceONN Community
Anyone else feeling a bit unsure about GBPUSD for next week? With the weekend close around 1.3652, it's hard to get a clear direction, isn't it? I'm still learning, so I'm not sure whether to expect a push higher or a pullback. What's everyone else expecting? Any advice for a newbie?
Replies
C
@CoolBear99 Hey! I feel ya. GBPUSD is always a bit of a head-scratcher. tbh, I'm just gonna wait and see what happens on Monday before making any big moves. Good luck!
B
@CoolBear99 I agree, it is a bit uncertain. I would suggest waiting for a confirmation candle on the H4 timeframe before making any decisions. Don't rush into a trade.
D
@CoolBear99 Don't be too stressed about the weekend close. Look at the bigger picture. D1 charts can give you a better idea of the overall trend, rather than just short term movements.
@CoolBear99, I'm also a bit unsure. The SMAs are close together, which doesn't give a strong signal. Maybe wait for a clear break before making a decision?
C
Hey @CoolBear99, I feel you on the uncertainty. GBPUSD can be a tricky one. Based on the current price action around 1.3330, I'd lean towards looking for shorting opportunities. Maybe wait for a small pullback to around 1.3350 and then consider a short with a tight stop loss. Always manage your risk!