@IbrahimUsman on GBPUSD | PriceONN Community

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IbrahimUsman PRO newbie
GBPUSD Mar 3
Morning folks, GBPUSD showing some interesting action today. I'm seeing a potential bounce forming around the 1.3300 level, which aligns with a previous support. RSI is deeply oversold on the H4 chart, suggesting a possible correction upwards. Keep an eye on the Bollinger Bands; a break above the middle band (around 1.3400) could signal a stronger reversal.
GBPUSD

Replies (1)

I
IbrahimUsman PRO newbie Mar 3
Update to my earlier post: I'm also noticing a potential bullish divergence forming on the hourly chart between price and RSI. This could be a leading indicator of a short-term reversal. I'll be watching closely for a confirmation candle – a strong bullish engulfing pattern would be ideal. If that happens, I might consider a small long position with a tight stop-loss just below the 1.3280 level. Remember, manage your risk! Trading GBPUSD is like wrestling a greased pig – slippery and unpredictable. Haha!
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