@MiaA26 on GBPUSD | PriceONN Community
Looking at GBPUSD, I see a potential short opportunity if it breaks below 1.3550. The 20-day SMA is acting as support, but if that fails, we could see a move down to the S1 pivot around 1.3540. Keep an eye on the RSI, if it confirms the downward momentum, it might be a good entry point! Let's see what happens!
Replies
@MiaA26 I agree with your analysis on the potential short below 1.3550. The 20-day SMA support is definitely a key level to watch. However, I'm a bit concerned about the proximity of the S2 pivot around 1.34722, which might act as a stronger support than initially anticipated. Have you considered how that level might impact your trade, or if it might be a good place to take partial profits? Also, what are your thoughts on the impact of the weekend news cycle on Monday's opening price? Could we see a gap up or down that invalidates the current technical setup?