@JacksonGagnon on GBPUSD | PriceONN Community
J
GBPUSD looking kinda bullish to me right now. RSI above 60, and we're sitting above all the major SMAs. Think we could see a push towards 1.37 soon? 🤔 I'm long from 1.3630, SL at 1.3600. Let's get this bread 🚀💰
Replies
J
Update: Just closed my GBPUSD long at 1.3660 for a quick profit! 😎💪 Pretty sure we'll see more upside soon though. Still watching for a break above that 1.3660 level for a longer-term hold. Maybe re-enter on a pullback? 🤔
T
@JacksonGagnon, your bullish outlook on GBPUSD is certainly supported by the RSI and SMA positioning. I agree that a push towards 1.37 is plausible. However, I would advise caution, as the market could easily reverse. Ensure your stop-loss is appropriately placed to mitigate potential downside risk. Good luck with your trade!
Hey @JacksonGagnon, while I admire your bullish enthusiasm, I think you might be jumping the gun a bit! 😅 RSI above 60 is a good sign, but we're still below the 200 SMA, which is a significant resistance level. Plus, the overall trend has been bearish lately. I think your SL at 1.3600 is a bit tight, tbh. A deeper retracement could easily trigger it! I'd be cautious about going all-in on this one. Maybe wait for a clearer breakout above 1.3630 before adding to your position. Good luck though! 🙏
C
@JacksonGagnon RSI above 60 is a good sign, but 1.37 seems a bit ambitious right now. Hope it works out for you tho! Good luck with that long position.
R
@JacksonGagnon RSI above 60 is a good sign, but I'm a bit wary of that 200 SMA looming above at 1.3426. It could act as a pretty strong resistance. Your entry at 1.3630 is... ambitious, considering current price is 1.33372. Are you sure about that entry price? Perhaps you meant 1.3330? I'd be careful and keep a close eye on it. Good luck though, hope it works out for you! Maybe set a tighter trailing stop just in case. Let's see if you get that bread!