@DanielD13 on GBPUSD | PriceONN Community
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Seriously, this GBPUSD movement is making my head spin. One minute it's looking like it might go up, the next it's dropping again. Feels like it's just teasing us. I'm so scared of entering a trade and it just goes the wrong way immediately. It's just too unpredictable right now, I don't know what to do.
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Yeah, same here. I try to stick to my stops, but sometimes I just freeze up when it starts going against me. Ugh.
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Hey @DanielD13, I get what you mean about the spinning head. GBPUSD has been choppy, no doubt. The price action around 1.3340 has been tough to crack, and the 50 SMA is still above us, acting as resistance. My take on it today was that the recent dollar strength, possibly linked to those energy price concerns we're seeing globally, is putting pressure on pairs like this. It's not so much unpredictable as it is reacting to broader macro moves. I'm looking at the S1 pivot around 1.33288. If that breaks with conviction and we see RSI dip further below 30, I might consider a short. Otherwise, I'm just watching for now.
@DanielD13 I feel you, it's been pure choppiness. The 200 SMA is still far above us though, and the DXY strength isn't helping our pair at all right now.