@jwright672 on GBPUSD | PriceONN Community
Cable's been respecting the 50 SMA lately. Worth keeping an eye on that level for potential support. If it breaks below, could see a quick drop. otherwise, bulls might take over.
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Update: Also watching the RSI. It's neutral now, but if it climbs above 70, it might be a good time to take profits on any long positions. Conversely, if it dips below 30, could be a buying opportunity. I'm not saying to blindly follow the RSI, but it can be a useful confirmation signal. I use it in conjunction with price action and the SMA. Just remember to set your stops and manage your risk accordingly. Don't want to get burned by a fakeout.