@thomas1737 on GBPUSD | PriceONN Community
Hey guys, I'm seeing some bullish signals on GBPUSD! The RSI is above 60 and it's above the 20 and 50 SMAs. I'm thinking of opening a small long position. What are your thoughts? Any potential resistance levels I should be aware of? 🤔 Just starting out so any advice is appreciated! 🙏
Replies
M
@thomas1737 RSI above 60 isn't always a buy signal. Check for divergence and look at higher timeframes before jumping in. 1.3350 area has been resistance previously.
@thomas1737 Hey Thomas, I see what you're saying about the bullish signals on GBPUSD. RSI is looking good, but just be careful of that 200 SMA around 1.3450. It's a pretty significant resistance level historically, so watch out for a potential pullback there. Maybe take some profit before it hits that level? Also, I'd check out the pivot points, R1 is at 1.33902, that could be a minor hurdle too. Good luck with your trade!