@eokoro40 on GBPUSD | PriceONN Community

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I'm thinking GBPUSD might drop further this morning. RSI is below 35 and the price is under all the SMAs. Looks like a pretty strong downtrend. I'm looking at the S2 pivot around 1.3346 as a possible target. If it breaks that, we could see it fall even more. Just my opinion tho, i'm still learning lol.
GBPUSD

Replies (1)

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eokoro40 PRO newbie Mar 3
Update: I went short at 1.3350. I'm seeing a lot of bearish momentum this morning, and I think it's likely to continue. My target is around 1.3320, but I'll be watching the price action closely. I've set my stop loss just above 1.3365 to manage my risk. tbh, I'm still not 100% confident in my analysis, but I think it's worth a shot. i'm using a 1% risk on this trade. wish me luck!
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