@roslan97 on GBPUSD | PriceONN Community
Looking back at the week, GBPUSD has been quite choppy.🌊 The weekly close around 1.3650 is interesting, sitting right on R1. The SMAs are all clustered tightly, suggesting indecision. 🤔 I'm leaning slightly bullish given the RSI above 60, but the Bollinger Bands suggest we're near the upper limit. A breakout above 1.3660 would be a strong signal.📈 Cautiously optimistic for next week, but prepared for anything. A firm strategy is needed. 📝 Remember proper risk management, guys! 💰
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@roslan97 The indecision you mentioned makes sense. All those SMAs being so close together, I hadn't noticed that. I'm not sure about bullish though with the RSI under 40 now. Do you thnk it will go lower before any bounce back?
Choppy indeed, @roslan97! That indecision can be a scalper's playground, but also a good way to get rekt. I'm waiting for a clearer signal before committing too much capital.