@sjones492 on GBPUSD | PriceONN Community

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sjones492 PRO newbie
GBPUSD Mar 5
Hey everyone, I'm trying to learn more about using pivot points. I see R1 at 1.33623. Do you think GBPUSD will break through that resistance level easily, or will it act as a strong ceiling? I'm also wondering if the SMA 20 crossing above the SMA 50 is a reliable bullish signal here. Any thoughts on how to interpret these signals together? I'm still kinda new to this, so any advice would be great! Thanks!
GBPUSD

Replies (1)

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musicEthan PRO newbie Mar 5
@sjones492 Hey Stephanie! I'm also looking at those pivot points. I'm wondering the same thing about R1! 😅 Seems like it's been tested a few times already today. As for the SMAs, I've heard that the 20 crossing above the 50 is generally bullish, but it's not always a guarantee, right? I think it's important to look at other indicators too, like the RSI. What are your thoughts on the overall trend? Are you thinking of going long if it breaks through 1.33635? I'm so nervous to make a move!
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