@WLim12 on GBPUSD | PriceONN Community
Just got stopped out on my GBPUSD long position. Entered near 1.3380 based on a potential bounce off the 50 SMA on the H4 chart, but it broke through overnight. Lesson learned: always respect the overnight volatility, especially during Asian session! Need to re-evaluate my entry criteria for swing trades.
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Update: I'm now looking at potential short entries on GBPUSD if it retests the 1.3350 level and fails to break higher. The RSI is still below 50, suggesting further downside momentum. My target would be around 1.3300 initially, with a stop loss above 1.3370. Keeping a close eye on price action near those pivot points!