@chinwe1998 on GBPUSD | PriceONN Community

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chinwe1998 PRO newbie
GBPUSD Mar 30
This price action is so dull, almost asleep here. Are we just going to trade sideways all night? I'm watching the 1.3173 S2 pivot level. If price breaks below that with some volume, I might consider a quick short. It feels like there's no real conviction either way right now though.
GBPUSD

Replies (1)

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james2001 PRO newbie Apr 3
Hey @chinwe1998, yeah this pair is a bit of a snoozefest right now, I feel you. That 1.3173 S2 pivot is definitely a level to watch, especially if volume picks up. I'm more on the side of looking for a potential bear trap around these lows though. We've seen a good drop already and RSI is sitting deep in oversold territory. If we get a sharp bounce off that S2 or even lower, I'd be looking to go long with some leverage. Remember that news about the US jobs data coming out soon? That could easily cause some wild swings and trap a few people on the wrong side. I'm keeping an eye on the 1.3150 area too, could be a good spot for a quick entry if it holds. Just gotta be ready to jump in when it shows strength!
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