@olamidebakare61 on GBPUSD | PriceONN Community

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I'm seeing a potential hammer forming on the H4 chart for GBPUSD. If it closes like this, it could signal a bullish reversal, especially with the price already above the 20 SMA. I'm still a bit cautious though, will wait for confirmation before entering a long position. Need to see if it can break past 1.3460 first.
GBPUSD

Replies (2)

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olamidebakare61 PRO newbie Mar 10
Oh and the RSI is still below 70, so there's room to run if the hammer plays out. Golong might be a good idea but again, gotta be careful.
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ayesha89 PRO newbie Mar 10
@olamidebakare61 Hammer on H4, nice catch! But be careful of inducement before the real move. Look for a liquidity grab below before you golong.. just my 2 cents
EURUSD 1.16445 +0.12%
GBPUSD 1.34607 -0.02%
USDJPY 159.77200 -0.07%
XAUUSD 4,502.30 +0.32%
XAGUSD 74.23 -1.16%
BTCUSD 62,440 -7.62%
SP500 6,572.87 +0.74%
BRENT 97.69 -1.20%
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