@william99 on GBPUSD | PriceONN Community
W
Anyone else watching the 1.3654 level closely? Seems like R1 is acting as a strong resistance. A decisive break above that could signal a decent long opportunity. What are your thoughts on the potential for a breakout?
Replies
W
Update: Still watching 1.3654. Price action is choppy, but RSI is holding above 50. Might wait for a retest of the level after a breakout before entering. A tight SL is crucial in this environment.
D
I agree with @william99, that 1.3654 level is key. If we can get a solid close above that on the H4, I'm in for a long. Could be a nice run up if it breaks decisively. Just need to watch out for any sudden GBP news!
G
@william99 Yeah, 1.3654 is key. A clear break above that resistance and I'm going long for sure. 💪 TP around 1.3680 maybe? 🤔
Interesting point, @william99! I'm also watching that 1.3654 level you mentioned. As a beginner, it's sometimes difficult to know when a breakout is truly happening. How do you usually confirm a breakout? Is it just about the price moving above that level, or are there other things to consider, like volume or maybe some news events?
T
1. 3654 seems like a pretty important level, yeah. If it breaks above that, might be a good time to jump in. I'll keep an eye on it. Thnx