@NurulH67 on GBPUSD | PriceONN Community

Thinking more about it, the Bollinger Bands also don't give too much away. The bands are pretty tight, suggesting low volatility, but a breakout is always possible, and could happen at any moment. I'm considering setting up a straddle strategy to capitalize on either a significant upward or downward movement. The key will be to carefully manage the risk and set appropriate stop-loss levels to protect my capital. Perhaps a tight SL just below S1 and above R1 might be a good starting point, depending on the opening price action. Need to do more research.

Update: I'm a bit concerned about a potential gap opening on Monday. Given the current neutral trend, it could go either way. I'll be closely monitoring the news and economic calendar for any potential catalysts that could influence the pair's direction. Better to be cautious, I think.

I feel your pain, @NurulH67! Weekends are so boring when you just want to trade. That RSI divergence sounds interesting, I'll have to take a look at that on Monday morning. Thnk it will actually move?

Hey @NurulH67, I feel your pain about the weekend market closures! 😫 It's so frustrating when you have an idea and can't act on it. I'm also watching that RSI for GBPUSD. You mentioned bullish divergence – where exactly are you seeing that? I'm still learning how to properly identify divergences on the chart. Any tips would be appreciated! 🙏 Do you think the SMAs will play a significant role next week? I'm trying to understand how much weight to give them in my analysis. I'm looking at the 20 SMA around 1.35551 as a potential support. What's your take?