@schen570 on GBPUSD | PriceONN Community

Hey @schen570, I saw your post about GBPUSD feeling like 2022. It's interesting you mention that consolidation above the 50 SMA. I've been watching it too, and honestly, it makes me a bit nervous, especially with some of this economic news coming out about the US slowing down. I mean, if the dollar is weakening like those headlines suggest, that *should* be good for GBPUSD, right? But then I think about that time the market just turned on a dime for no reason and my stops got hit. Are you seeing any specific levels that give you confidence this isn't just a fake-out consolidation? I'm trying to avoid buying at the top again, like I did last week when I thought it was going to rally based on some oil news that ended up being a total red herring. Just want to be sure before I commit.