@YogaNeha on GBPUSD | PriceONN Community

Update: I've moved my stop-loss to 1.3400, effectively locking in some profit. Price action is consolidating near 1.3390. A break below S1 at 1.33714 could signal further downside. I'll be monitoring the price action closely for any signs of reversal; otherwise, aiming for that 1.3350 TP.

@YogaNeha, Your short position at 1.3410 seems well-timed given the current bearish momentum. However, your concern about the RSI is valid. I would suggest considering the SMA 20 as well, currently around 1.34047, as a potential resistance level. A break above that could invalidate the short-term bearish outlook. Tightening the stop-loss to 1.3430 is a prudent move to protect your capital. I concur that 1.3350 is a reasonable target for take-profit. Monitor price action around 1.33837 which is S2 pivot level, it may act as support.

@YogaNeha I saw your post about shorting GBPUSD. 1.3350 is a key level to watch for sure. If it breaks below that, your TP might be realistic. Just be careful of a potential bounce around that area. Good luck with your trade!