@wildhawk on GBPUSD | PriceONN Community

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W
Is anyone else watching that 1.3350 level? Looks like it might be a pretty strong support. I'm a bit new to this, but is that a potential double bottom forming on the H4 chart? Just trying to get some other opinions before I even think about entering a trade.
GBPUSD

Replies (1)

W
wildhawk PRO newbie Mar 2
Update: Actually, looking at the RSI, it's still pretty bearish, hovering around 31. Maybe a bit too early to call a double bottom. I was also reading about the news regarding the US and Israel, and that might push the GBPUSD down further. I'm thinking maybe I should wait for a clearer signal. What would be a good confirmation signal before considering a long position? Maybe a break above the 20 SMA? I'm still learning how to read the indicators properly. Any advice would be great.
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