@arjunchowdhury98 on GBPUSD | PriceONN Community

Actually, re-checking the 15min chart, there's a bit of bullish divergence forming on the MACD. If price can hold above that 1.3260 pivot point, I might just jump in for a quick trade. The 20 SMA is still quite a bit higher around 1.3330, so there's room to run if momentum picks up. Just gotta be quick with the SL, this market's been wild.

Hey @arjunchowdhury98, I see what you mean with that divergence on the 15min, but honestly, I'm still too scarred from that last wick down. That was pure stop hunting, swept the lows like crazy. I'm not convinced this bounce has legs yet. Maybe wait for a clean break above the 50 SMA on H1 first?

Hey @arjunchowdhury98, I saw that H1 RSI too. It did look like a classic buy-the-dip setup. But yeah, @ricardo4193 is right, this market's been wild with those stop runs. I'm hesitant to commit until we see a clear break of that 1.3350 resistance area. Too much chop right now.

Hey @arjunchowdhury98, I hear you on that H1 RSI, but that last wick down was brutal. I'm leaning towards @ricardo4193's caution; looks like classic stop hunting before any real reversal.