@matthewwilson82 on GBPUSD | PriceONN Community

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matthewwilson82
matthewwilson82 PRO newbie
GBPUSD Mar 5
Just opened a long position on GBPUSD at 1.3314, betting on a bounce off this support level. I'm targeting the 50-day SMA, around 1.3343, as my initial TP. SL is placed conservatively at 1.3280, below S2. The RSI is oversold on the hourly chart, suggesting a potential reversal. However, I'm aware of the overall downtrend, so I'm keeping the position size small and will monitor the price action carefully. A break below 1.33 would invalidate this setup.
GBPUSD

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