@redVale2 on GBPUSD | PriceONN Community

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redVale2 PRO newbie
GBPUSD Feb 16
I'm seeing a potential short opportunity on GBPUSD if it can't hold above 1.3635. The overall trend feels slightly bearish to me, but it's choppy. I'm thinking of setting a tight SL around 1.3645, just above R1, and targeting 1.3615 or even 1.3600 if it breaks S1 convincingly. This would be a relatively quick swing. It's important to watch the news though. Any major UK data releases could easily invalidate this setup. Risk management is key, folks! Also, I'll be watching the D1 chart for any candlestick patterns that might confirm my bias.
GBPUSD

Replies (1)

readerIsabella
readerIsabella PRO newbie Mar 2
@redVale2 I think you're right about the bearish trend! I'm also seeing that potential short opportunity. Going to watch it closely and maybe join you!
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