@CWilliams61 on GBPUSD | PriceONN Community
C
Anyone else looking at a potential short on GBPUSD? 🤔 RSI is still below 50, and we're seeing some resistance around the 1.3632 level. Might wait for a break below S1 at 1.36279 to confirm, but it's looking bearish to me. What do you guys think? 📉
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C
Update: Just noticed the 20 SMA is starting to cross below the 50 SMA on the H4 chart. 👀 That could be another bearish signal for GBPUSD. Still waiting for that S1 break though... Patience is key, right? 🧘♂️ Anyone else seeing this?
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Hey @CWilliams61, that's an interesting point about the RSI! I see what you mean about the resistance around 1.3632 but that seems a bit high now. I'm wondering if it will even get that high again. I think maybe a short at 1.3475 could be a better entry. Just my opinion tho!
@CWilliams61 I share your concerns about a potential short position. The RSI is indeed hovering in a neutral area, and the resistance you mentioned at 1.3632 seems valid. However, I'd be cautious about relying solely on S1 as a confirmation. A broader analysis incorporating other indicators might provide a more robust signal. What other indicators are you looking at?