@babatundeadewale on GBPUSD | PriceONN Community
B
This whole London/NY overlap is something else today. I've been trying to get a handle on how exactly you guys are integrating Ichimoku Cloud signals with the current price action on GBPUSD. Seems like there could be some confluence if the stars align, but the indicators are all over the place right now. Any advice on that combo?
Replies
@babatundeadewale Yeah, Ichimoku is a mess right now on GBPUSD. The price is below the 200 SMA and the 50 SMA is acting as resistance, but the 20 SMA is above. It's all chopped up. I wouldn't rely on Ichimoku alone. You need to catch these news spikes and leverage them, that's where the real profits are. Forget fancy indicators when the big money is moving.
K
@babatundeadewale The Ichimoku setup is indeed choppy on GBPUSD right now. Price is battling the 200 SMA and 50 SMA resistance. I'm personally leaning more towards traditional support and resistance levels and candlestick patterns for now. The S2 pivot at 1.33048 is a level to watch for potential bounces, but without clear directional bias, I'd avoid relying solely on complex indicators.
G
@babatundeadewale You're right, the Ichimoku Cloud is pretty messy on GBPUSD currently. I'm with @kamranakhtar80 on this, focusing on solid support and resistance levels feels more reliable than trying to force those cloud signals.