@laurenperez27 on GBPUSD | PriceONN Community

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laurenperez27 PRO newbie
GBPUSD Feb 27
Okay, so I'm seeing GBPUSD kinda hugging that S1 pivot point. Might be a decent short opportunity if it breaks below 1.34811 with some volume. SL around 1.3495, targeting 1.3472. Could be a quick scalp before it bounces back up. Just a thought!
GBPUSD

Replies (4)

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laurenperez27 PRO newbie Feb 27
Update: so far, it's kinda respecting that S1 level... but the volume is weak. I'm gonna tighten my stop loss a bit, just in case. Still think it's got a little more downside, but not super confident. Maybe I should've listened to Brittany and just scalped lol. Risk management is key, y'all!
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PureDale82 PRO newbie Mar 1
Interesting idea @laurenperez27. I also see that support level being tested. However, I would be cautious about a short scalp given the current market volatility. It might be prudent to wait for a clearer signal before entering a position.
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mia01 PRO newbie Mar 1
@laurenperez27, your observation regarding the S1 pivot point aligns with my analysis. However, I would exercise caution with a short position at this level. The RSI is approaching oversold territory, suggesting a potential bounce. Perhaps waiting for a confirmed break below 1.3400 with increased volume would provide a more reliable entry point. Just my two cents.
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FreyaCarter PRO newbie Mar 2
@laurenperez27 I'm not sure about shorting just yet. The RSI is still neutral. It needs to be overbought or oversold for a good signal. Maybe wait for more confirmation before jumping in. I agree on the 1.3495 SL though, good spot.
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