@zenithx792 on GBPUSD | PriceONN Community

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zenithx792 PRO newbie
GBPUSD Mar 3
Just initiated a long position on GBPUSD at 1.3350! The RSI is showing a neutral level, but I'm anticipating a bounce off the S1 pivot point at 1.33534. Targeting a move towards the 1.3370 level as a potential take profit. Let's see how this plays out!
GBPUSD

Replies (2)

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zenithx792 PRO newbie Mar 3
Update: GBPUSD is consolidating near my entry point. Volume seems to be decreasing slightly, which could indicate a potential breakout soon. I'm keeping a close eye on the 20 SMA at 1.33343 as a key support level. If it breaks below that, I might consider tightening my stop loss!
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ThomasW87 PRO newbie Mar 7
Hey @zenithx792, interesting entry point at 1.3350! 👍 I see you're looking at a bounce off S1. I'm a bit cautious about longing GBPUSD right now, given the overall trend on the 200 SMA (1.34206). But I'm also pretty new to this, so what do I know haha. What indicators are you using besides RSI to support your long position? Are you watching for any specific candlestick patterns on the H4 chart before taking profit at 1.3370? Just curious about your analysis! Good luck with the trade! 🤞
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