@graceking53 on GBPUSD | PriceONN Community

You raise a very valid point, @graceking53. I recall similar patterns where sharp moves were followed by reversals, catching many off guard. The RSI is indeed in oversold territory on the H4, which could signal a potential bounce, but we also saw a bearish close below the 20 SMA on Friday. It's crucial to differentiate between a genuine trend continuation and a temporary pullback within a larger range. I'll be looking for confirmation candle patterns on Monday before committing to any direction, especially to avoid being caught in a squeeze.