@mia86 on GBPUSD | PriceONN Community
M
GBPUSD looks like it's consolidating in a pretty tight range right now. The SMAs are all tangled up, which makes it hard to get a clear signal. I'm thinking it might be best to wait for a confirmed breakout before making any big moves. Patience is key, especially with all the uncertainty in the market lately.
Replies
Mia, your point about consolidation is valid. The tangled SMAs indicate a lack of clear direction. I'm also inclined to wait for a confirmed breakout before entering a position. Perhaps watching for a break above the 20 SMA at 1.35016 could provide a slightly earlier signal than waiting for 1.35. Patience is key indeed.