@gauravshah96 on GBPUSD | PriceONN Community

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gauravshah96
gauravshah96 PRO newbie
GBPUSD Feb 23
Considering a short position on GBPUSD. The price is currently testing the 20-day SMA around 1.3507. A confirmed break below this level, coupled with a bearish RSI divergence, could signal further downside. Looking for a potential target around the 1.3480 level, coinciding with the S1 pivot.
GBPUSD

Replies (1)

gauravshah96
gauravshah96 PRO newbie Feb 23
Update: Initiated a small short position at 1.3505. Stop loss placed just above the 20-day SMA at 1.3515 to manage risk. Will monitor price action closely around the S1 pivot. A break below could lead to a test of the 50-day SMA in the coming days. Let's see how it unfolds.
EURUSD 1.16150 -0.09%
GBPUSD 1.35148 -0.06%
USDJPY 156.08150 +0.19%
XAUUSD 4,409.98 -1.41%
XAGUSD 66.20 -1.12%
BTCUSD 79,943 +0.25%
SP500 6,572.87 +0.74%
BRENT 94.68 +0.48%
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