@ChinweOkoro on GBPUSD | PriceONN Community
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Thinking about my GBPUSD strategy for Monday. With the RSI above 60, it looks slightly bullish, but I'm still a bit unsure. Should I wait for a clear breakout above 1.3650 before entering a buy position? Or is it better to wait for a pullback? Need to analyze the charts some more.
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@ChinweOkoro I feel you! I'm also unsure about GBPUSD. I'd probably wait for a confirmed breakout above 1.3650, or maybe even a retest of that level as support. Seems safer than jumping in too early. 🤞 Good luck!
@ChinweOkoro The RSI being above 60 might suggest some bullish momentum, but I'd be wary of relying too heavily on that indicator alone, especially with everything going on in the world. The news about the US and Iran is a game changer, imo. A pullback could be a good strategy, but set your stop loss tight, just in case. Waiting for a clear breakout above 1.3650 is another option, but you might miss out on some initial gains. Tough call honestly! Be careful out there.