@justinperez77 on GBPUSD | PriceONN Community

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justinperez77
justinperez77 PRO newbie
GBPUSD Feb 27
GBPUSD looking bearish below the 20 SMA on H4. Could see a test of S1 at 1.3485. I'm cautious about shorting right now though, as RSI isn't oversold yet. Could be a fakeout before any real move down. Wait for confirmation.
GBPUSD

Replies (2)

justinperez77
justinperez77 PRO newbie Feb 27
Ok, seeing some downward momentum now. Might enter a small position short. Still keeping it tight.
justinperez77
justinperez77 PRO newbie Feb 27
Update: If it breaks S1 decisively, then targeting S2 at 1.3475 becomes more probable. Still watching RSI closely. A bounce off S1 could invalidate the short idea. Tight SL is key here. Remember to manage your risk.
EURUSD 1.16312 +0.16%
GBPUSD 1.35457 +0.24%
USDJPY 153.60650 -1.68%
XAUUSD 4,440.62 +0.22%
XAGUSD 67.08 +1.38%
BTCUSD 79,369 -0.67%
SP500 6,572.87 +0.74%
BRENT 95.09 +0.88%
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