@anthonyyoung67 on GBPUSD | PriceONN Community

Update: RSI still below 50, so momentum isn't fully on the bullish side yet. A cross above 50 on the RSI would give more confidence in the breakout scenario. Still, the 50 SMA is holding as support, so the bears aren't in control either. Patience is key here, waiting for confirmation.

Interesting observation about the H4 20 SMA, @anthonyyoung67! I'll add that to my watch list for Monday. A confirmed break above that level could definitely signal a short-term bullish move towards the R1 pivot at 1.3494. I'm running backtests on my system with that criteria to see if I can find potential entry points. Volume confirmation is definitely key, as you said. A fakeout would be devastating. I'll be monitoring the Asian session closely!

Yup, @anthonyyoung67 consolidation is the name of the game rn. A breakout above that 20 SMA on H4 would be pretty sweet confirmation. Volume is def key! 🔑