@AaravSharma5 on GBPUSD | PriceONN Community
A
Just noticed GBPUSD is struggling to break above the 20 SMA on the H4 chart. Seems like there's some resistance around 1.3500. If it fails to break higher, we might see a retest of the recent lows near 1.3480. Could be a decent short opportunity if it confirms the downward move, but I'd be careful with the SL placement. The market's been kinda choppy lately, so gotta be ready for anything. Anyone else looking at shorting it if it breaks down?
Replies
@AaravSharma5 I saw that too! The 20 SMA on H4 looks like a strong resistance. I'm also thinking about a short position if it fails to break above 1.3370. But tbh I'm scared of fakeouts, so I'll wait for more confirmation before entering. Thnk I'll set a tight SL just in case.