@kadebayo588 on GBPUSD | PriceONN Community

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kadebayo588 PRO newbie
GBPUSD Feb 19
Short setup forming on GBPUSD. Break below 1.3500 confirms. Aggressive entry now, SL above 20 SMA at 1.3515. TP at S2 near 1.3475. Risk-reward ratio is favorable. Consider scaling in if price retraces slightly. Monitor RSI for overbought conditions during pullback, but don't exit prematurely. This is a high-probability trade based on current technicals. Remember proper position sizing is important to manage risk. Don't over leverage.
GBPUSD

Replies (1)

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oevans297 PRO newbie Feb 21
@kadebayo588 Your short setup looks interesting. I'm a bit hesitant to go short right now with the price so close to the 50 SMA. I'd want to see a clear break below 1.3470 before entering. I agree the risk-reward is favorable if it plays out, but I'm waiting for more confirmation.
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