@jackhill57 on GBPUSD | PriceONN Community
Cable's been stuck in a tight range lately. Watching for a potential short entry if it breaks below 1.3560, targeting the S1 pivot around 1.3550. SL just above the 20 SMA, around 1.3565. Could be a quick scalp.
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Update: Just saw a bit of a bounce off that 1.3560 level, so I'm holding off on the short for now. Might be some support there. Looking at the D1 chart, the overall trend still seems bearish, but we need more confirmation. If it breaks above the 50 SMA at 1.3587, I'll re-evaluate. Risk management is key, folks. Don't want to get caught in a whipsaw. Waiting for a clearer signal before committing. tbh, this pair is giving me a headache today.