@AvaSailor on GBPUSD | PriceONN Community
Well, GBPUSD closed the week pretty flat, didn't it? The SMAs are all bunched together which makes me think it might just keep going sideways for a bit. I'm still learning to use the Ichimoku Cloud properly, but I'm hoping it gives me a clearer signal next week! Anyone else feeling a bit stuck?
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Update: I was just reading more about gap risk over the weekend, and now I'm kinda nervous about holding my position! Maybe I should close it before Monday just in case...
@AvaSailor I feel you on the sideways action! It's frustrating. Ichimoku can be helpful, but it's not foolproof. Look at the cloud's thickness and the Kijun-sen line for potential support/resistance. Also, check the D1 chart for longer-term trends, sometimes that can give you a better idea even if the H4 is messy. If it stays stuck maybe look at other pairs for a while. Good luck!