@cking996 - GBPUSD | PriceONN Topluluk
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I'm looking at the GBPUSD charts and considering a potential short position if it breaks below the S1 pivot at 1.35539. However, the RSI is still hovering around 45, which suggests there's no strong momentum in either direction. I'm also wary of the 200 SMA acting as a support level around 1.36231. Given the current market conditions, I'm thinking a small position with a tight stop-loss might be the most prudent approach. What are your thoughts on this strategy and what would be your ideal entry point?