@gregory6924 on GBPUSD | PriceONN Community
Anyone seeing a potential short forming on GBPUSD? RSI is still neutral but trending down. We're below the 20 and 50 SMAs. Thinking of waiting for a confirmation candle on the H1 before entering. What are your thoughts on the downside potential here?
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Update: I'm also looking at the pivot points. S1 at 1.34542 looks like an immediate target. If that breaks, S2 at 1.34477 is next. Stop loss would be above the 20 SMA, around 1.3475. Risk/reward isn't ideal, but could still be a decent trade if it plays out. Thoughts?