@wildstorm on GBPUSD | PriceONN Community

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wildstorm
wildstorm PRO newbie
GBPUSD Feb 18
I'm considering a short position on GBPUSD, given the current bearish trend and the RSI value of 32.9. A possible entry point could be around 1.3500, with a stop-loss near 1.3530, just above the S1 pivot point. Target profit around 1.3470, near S3. Does this seem like a reasonable setup, or are there other factors I should consider?
GBPUSD

Replies (1)

P
PhotoRahul PRO newbie Mar 3
@wildstorm Your setup looks decent, but keep an eye on that S1 pivot. It might act as stronger support than you think. I'd suggest waiting for a confirmation before entering. Maybe a break below 1.3395 with good volume? Good luck!
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