@brittany1948 on GBPUSD | PriceONN Community

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brittany1948 PRO newbie
GBPUSD Feb 27
Anyone else eyeing a short position on GBPUSD if it breaks below 1.3430? The RSI is already looking pretty oversold on the H4 chart, but the overall trend is still bearish. I'm thinking a tight stop-loss around 1.3465 to manage risk. Thoughts?
GBPUSD

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brittany1948 PRO newbie Feb 27
Update: Okay, so I'm in a short position now. GBPUSD broke below 1.3430 like I mentioned. Targeting 1.3400 initially, then potentially 1.3375 if the momentum continues. I'm also watching the DXY closely; any strength there could accelerate the move. I sized my position conservatively, given the volatility we've been seeing. Risk management is key, ppl! I'll probably scale out some profits at the first target and move my stop-loss to breakeven. It's all about protecting those gains once you have them, ya know?
EURUSD 1.16042 -0.23%
GBPUSD 1.34228 -0.30%
USDJPY 159.90850 +0.02%
XAUUSD 4,461.44 -0.59%
XAGUSD 73.18 -2.55%
BTCUSD 63,565 -5.96%
SP500 6,572.87 +0.74%
BRENT 100.23 +1.37%
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