Given the current consolidation in GBPUSD, what are your thoughts on employing a range-bound trading strategy, focusing on mean reversion around the 50 SMA?
Hey @james5510, that range-bound strategy sounds interesting! I'm still trying to understand SMAs. Is the 50 SMA really that reliable for GBPUSD? I've been burned before trying to time the market. 😅 Maybe I should wait for a clearer signal before jumping in. Thnk I'll stick with my current plan for now.