@kthompson221 on GBPUSD | PriceONN Community

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kthompson221
Seeing some bearish momentum on GBPUSD right now. Price broke below 1.3450 which seems like a pretty important level. I'm thinking it might head down towards S1 at 1.34332. Anyone else seeing the same thing?
GBPUSD

Replies (1)

kthompson221
kthompson221 PRO newbie Feb 20
Update: RSI is looking pretty weak too, around 34. I'm still learning about all this, but that seems like a pretty strong sell signal? Thinking about opening a small short position, but I'm also kinda nervous about a potential bounce. Maybe I should wait for more confirmation? What do you guys thnk? Also, what's a good SL placement for a short position around these levels? I'm thinking maybe just above the 20 SMA? still trying to figure out the best risk/reward ratios tbh.
EURUSD 1.16096 -0.18%
GBPUSD 1.34307 -0.24%
USDJPY 159.88350 +0.00%
XAUUSD 4,476.39 -0.25%
XAGUSD 73.59 -2.01%
BTCUSD 63,829 -5.56%
SP500 6,572.87 +0.74%
BRENT 99.99 +1.12%
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