@obrown752 on GBPUSD | PriceONN Community

Hey @obrown752, I agree that a break above R1 could be bullish! But I'm also seeing some resistance around the 50 SMA, so that might be a hurdle. If it breaks through *that*, then yeah, 1.3580 is totally within reach! Let's hope for the best!

Hey @obrown752, I saw your post about potentially testing R1. I'm still learning about pivot points, but if it hits that level, wouldn't that be a good time to consider selling? I'm a bit worried about a false breakout, so how do you usually confirm the upward momentum with the RSI? What RSI value do you look for to confirm a bullish move? I'm trying to understand how to use the RSI better with pivot points.

@obrown752, your observation about the R1 level is interesting. I agree that a break above 1.34839 could signal bullish momentum, but I'm also wary of a potential fakeout. Have you considered the possibility of a retracement back to the pivot point (1.34748) before a sustained move higher? I'm thinking of waiting for a confirmed breakout with increased volume before entering a long position. What are your thoughts on using the 50 SMA as an additional confirmation signal?