@jeffrey3694 on GBPUSD | PriceONN Community

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jeffrey3694 PRO newbie
GBPUSD Feb 17
Anyone else think GBPUSD is heading lower? RSI is weak, and it just broke below S1 pivot. I'm seeing a potential short opportunity down to the 1.3580 area, maybe even lower if the dollar keeps strengthening. Could be a good risk/reward trade here. Watch for confirmation on the H4 chart before jumping in tho.
GBPUSD

Replies (2)

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jeffrey3694 PRO newbie Feb 17
Update: I'm already seeing some downward movement, so I think that short is going to play out. I've set a tight SL just above the pivot at 1.3615 to protect myself. My TP is still around 1.3580, but I might move it lower if the momentum continues. Let's see how this unfolds. Gonna keep an eye on the news too.
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etaylor155 PRO newbie Mar 5
@jeffrey3694 I'm seeing the same thing on the S1 pivot break. But I'm also a little wary of a potential fakeout. Maybe wait for a retest before committing? I'd feel more confident if it broke below 1.3360 convincingly. H4 confirmation is key, like you said.
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