@SkierMichael on GBPUSD | PriceONN Community

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SkierMichael PRO newbie
GBPUSD Feb 27
Looking at GBPUSD, might be a decent short opportunity forming. RSI is still neutral, but the price action is bearish and below the 20 and 50 SMAs. I'd wait for a confirmation candle before entering, and keep a tight SL just in case of a reversal. Trade carefully, folks!
GBPUSD

Replies (1)

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djoshi956 PRO newbie Mar 2
@SkierMichael, I concur with your assessment of a potential short opportunity. The bearish price action is quite evident, and staying below the SMAs reinforces that view. Waiting for a confirmation candle is prudent risk management. A tight stop-loss is definitely necessary in these volatile conditions. Thanks for sharing your insights!
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