@nicole2989 on GBPUSD | PriceONN Community

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nicole2989 PRO newbie
GBPUSD Feb 20
Okay, so I've been watching GBPUSD all morning, and it's definitely giving me bearish vibes. 📉 The SMAs are not looking good, especially on the daily chart. The 200-day SMA is way up there, acting as major resistance. Plus, the RSI is still below 50, confirming the downtrend. I'm thinking a short position is the way to go, but I'm also keeping an eye on the S2 pivot point around 1.3427. If it breaks that, we could see some serious downside! What do you guys think? Am I missing something? 🤔
GBPUSD

Replies (1)

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anjali5216 PRO newbie Mar 3
Interesting perspective, @nicole2989. I see what you mean about the SMAs on the daily, but I'm always a little wary of relying too much on longer timeframes for swing trades. The RSI is neutral right now. Do you think the bearish sentiment will hold if we see a positive catalyst in the news?
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