@cyclistAmanda on GBPUSD | PriceONN Community

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cyclistAmanda PRO newbie
GBPUSD Apr 17
Alright, just entered a short position on GBPUSD around 1.3555. Seeing some bearish divergence on the H4 RSI, and price is just kissing the upper Bollinger band. My initial target is the 50 SMA at 1.3545, with a stop loss just above the R1 pivot at 1.3565. Hoping this dollar weakness narrative doesn't play out too strongly.
GBPUSD

Replies (1)

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cyclistAmanda PRO newbie Apr 17
Actually, on second thought, I'm going to tighten that stop loss slightly. If price pushes above 1.3560, it might be signaling a false breakout and I want to limit exposure. The news about the ECB holding rates could still filter through and impact this pair more than expected.
EURUSD 1.16395 +0.08%
GBPUSD 1.34567 -0.05%
USDJPY 159.84550 -0.02%
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XAGUSD 74.38 -0.96%
BTCUSD 63,638 -5.85%
SP500 6,572.87 +0.74%
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