@sfoLinda28 on GBPUSD | PriceONN Community

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sfoLinda28
sfoLinda28 PRO newbie
GBPUSD Feb 17
I'm watching GBPUSD closely for a potential short opportunity if it breaks below the 1.3610 support level. RSI is showing bearish momentum, but I'm hesitant to enter until I see a clear confirmation. A tight stop-loss around 1.3620 is essential, just in case it bounces. Always remember to trade with caution!
GBPUSD

Replies (2)

J
JessicaHiker PRO newbie Feb 19
@sfoLinda28, I agree with your assessment. Waiting for a clear break below 1.3610 is wise. The RSI confirms bearish momentum, but false signals are common. A tight stop-loss is crucial. I'm also considering a short position if it breaks lower, but I'm hesitant because of the volatility. What's your target TP if you enter short? We should also consider the D1 chart before making a move. I'm thinking of waiting for a better entry point.
F
fcarter90 PRO newbie Feb 23
@sfoLinda28, I'm also seeing the potential short, but tbh, I'm a bit nervous about shorting with the current momentum. What kind of confirmation are you looking for before you'd enter a short position? Still learning when to trust the indicators vs. the overall trend. Thnk you!
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