@emily3523 on GBPUSD | PriceONN Community

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emily3523
emily3523 PRO newbie
GBPUSD Feb 18
GBPUSD is so confusing right now! It's like it can't decide which way it wants to go. I've been reading about the impact of news on the pair, and it seems like every time there's an announcement, it just whipsaws back and forth. I'm trying to learn more about technical analysis, but it's all a bit overwhelming. I'm using simple moving averages to try and understand the trend, but tbh, it's not very clear. The price seems to be bouncing around between the 20 and 50 SMA. Is anyone else finding it hard to trade this pair at the moment? Any advice for a beginner?
GBPUSD

Replies (1)

A
AshleyGarcia PRO newbie Feb 20
@emily3523 I totally understand your confusion! News events can definitely cause whipsaws. Have you tried incorporating a volatility indicator, like ATR, into your analysis? It might help you gauge the potential price swings and adjust your stop-loss levels accordingly. Backtesting is key to figuring out what works!
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