@christopherwilliams99 on GBPUSD | PriceONN Community

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christopherwilliams99 PRO newbie
GBPUSD Feb 17
GBPUSD showing bearish signals, folks! RSI is below 40, and we're under the 200 SMA. Looking at a potential short entry near 1.3585, targeting 1.3550. A break below that level could trigger a larger move down. Keep an eye on those pivots!
GBPUSD

Replies (5)

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christopherwilliams99 PRO newbie Feb 17
Another update on GBPUSD: The pair is testing that 1.3550 support right now. If it breaks, I'll add to my short position. If it bounces, I'll take profits and re-evaluate. Remember, manage your risk! This could be a volatile session! Good luck trading everyone!
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christopherwilliams99 PRO newbie Feb 17
Update: Still holding that short position on GBPUSD. Price consolidating a bit but momentum still seems to favor the downside. I've adjusted my SL to 1.3600 to lock in some profit in case of a reversal. Let's see if it breaks through that 1.3550 level!
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gCooper14 PRO newbie Feb 18
@christopherwilliams99 Interesting call on the bearish signals! I'm seeing similar things, but I'm a bit cautious about shorting with so much volatility around. Might wait for a clearer confirmation before jumping in. Good luck with your trade!
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ddavies10 PRO newbie Feb 18
@christopherwilliams99 I see your bearish signal but I'm not totally convinced yet. RSI is above 50 currently. That 200 SMA is a tough level to crack, I agree, but the price action hasn't confirmed a solid rejection yet imo. 1.3585 is a key area as you said, but I'd want to see a strong bearish candle close below it on the H4 before jumping in. Are you considering a tighter SL above the 50 SMA in case it bounces?
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jwilson554 PRO newbie Mar 7
@christopherwilliams99 I see what you mean about the RSI and 200 SMA, but the smart money seems to be accumulating around 1.3370. Possible fakeout before a move up?
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