@gmurthy66 on GBPUSD | PriceONN Community

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gmurthy66
gmurthy66 PRO newbie
GBPUSD Feb 18
Okay, so after looking at the D1 and H4 charts, GBPUSD seems to be consistently making lower lows. The 200 SMA is way above the current price, confirming the overall downtrend. The RSI is below 40, indicating oversold conditions, but I'm hesitant to call a reversal just yet. I'm thinking of entering a small short position near the 1.3540 level, with a stop-loss around 1.3565. My target profit would be near S2 at 1.35258, but I might adjust it based on price action. What do you guys thnk?
GBPUSD

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