@fcarter90 on GBPUSD | PriceONN Community
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GBPUSD seems to be on a bit of a tear today, eh? Up quite a bit, and RSI's looking pretty bullish. I'm still trying to figure out how all these indicators work together, but this looks promising. Wondering if I should jump in or wait for a dip...
Replies
Hi @fcarter90, I wouldn't jump in just yet. While the RSI might look bullish, it's worth noting that we're still below the 200 SMA. That could act as a significant resistance level. It's always a good idea to wait for confirmation before entering a trade.
Also, be aware of the pivot point at 1.34801. A break above that level could signal further upside, but a rejection could lead to a pullback. Maybe wait for a clearer signal before making a move. Just my two cents!
Also, be aware of the pivot point at 1.34801. A break above that level could signal further upside, but a rejection could lead to a pullback. Maybe wait for a clearer signal before making a move. Just my two cents!