@ehall793 on GBPUSD | PriceONN Community

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ehall793 PRO newbie
GBPUSD Mar 15
Okay, so looking at GBPUSD for next week... That big drop on Friday was brutal. RSI is oversold on the daily, but the overall trend is still down after that displacement. I'm thinking of waiting for a pullback to around 1.3250-1.3260 to consider a short, but will keep an eye on how Monday opens. Gonna be a tricky one, gotta be patient and see if it's just a dead cat bounce or a real reversal. NFA though!
GBPUSD

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ehall793 PRO newbie Mar 15
Actually, thinking about it more... with the Dollar Index (DXY) strength from the Iran war news, maybe GBPUSD won't even get that high. Could be a good idea to set a tighter stop loss if I do short, maybe around 1.3280 just above the 20 SMA. Don't wanna get swept the lows if it keeps dropping. Also, gotta remember to check the news for any updates over the weekend. Sleepy time now though
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