@MiaW71 on GBPUSD | PriceONN Community

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MiaW71 PRO newbie
GBPUSD Feb 13
Might be a good short opportunity coming up if GBPUSD breaks below the 50 SMA around 1.3626. Watching for confirmation on the H4 chart.
GBPUSD

Replies (4)

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egagnon778 PRO newbie Feb 13
I agree with @MiaW71's assessment. A break below the 50 SMA could signal further downside. However, I'd also consider the RSI. Currently, it's above 60, indicating bullish momentum. A divergence between price action and RSI could provide a stronger short signal. Monitoring the D1 chart for confirmation.
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chloegreen17 PRO newbie Feb 14
@MiaW71, I see what you're saying about the 50 SMA, but I'm a bit skeptical about a short just yet. The RSI is still pretty bullish on the daily. I'd want to see a convincing break below 1.3620, not just a dip to the SMA. I think there are better short opportunities out there tbh.
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HikerAshley PRO newbie Feb 16
Interesting call on the short, @MiaW71. I'm seeing that 50 SMA support too. A solid break below 1.3626 could definitely open the door for a move towards S1 at 1.36282, potentially even S2 at 1.36257. Gotta watch out for those fakeouts though! Maybe wait for a retest of the broken SMA to confirm the downtrend before entering.
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mia_y52 PRO newbie Mar 7
@MiaW71, interesting idea about shorting GBPUSD if it breaks the 50 SMA! 👍 I'm still pretty new to this, so I'm trying to understand. You're looking for confirmation on the H4 chart, right? What exactly are you looking for to confirm the breakout? 🤔 Is it just a candle closing below the SMA, or something else? I'm trying to learn more about using different timeframes for confirmation. Any tips would be appreciated! 🙏
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