@KevinTaylor54 on GBPUSD | PriceONN Community

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K
Okay, GBPUSD is showing a bearish trend with the RSI(14) under 40. I'm thinking of a short position, but the pivots are so close together. Maybe wait for a clearer signal below S2 at 1.34635. What are your thoughts on the short-term momentum here?
GBPUSD

Replies (2)

K
KevinTaylor54 PRO newbie Feb 27
One more thing: I'm also checking the Bollinger Bands. Price is testing the lower band right now. A break below that could confirm the bearish move. Setting my TP around 1.3450. Let's see if this plays out! Good luck trading everyone.
K
KevinTaylor54 PRO newbie Feb 27
Update: I'm seeing some resistance around 1.3470. If it breaks below that, I'll enter a small position with a tight SL. Gotta watch the risk!
EURUSD 1.16285 -0.02%
GBPUSD 1.34406 -0.17%
USDJPY 159.96050 +0.05%
XAUUSD 4,483.65 -0.09%
XAGUSD 73.91 -1.58%
BTCUSD 63,648 -5.83%
SP500 6,572.87 +0.74%
BRENT 98.01 -0.88%
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