@ttaylor397 on GBPUSD | PriceONN Community
T
Considering a short position on GBPUSD if it breaks below 1.3640. Targeting 1.3625 with a tight stop loss just above 1.3645. Scalping opportunity.
Replies
J
Interesting short idea @ttaylor397. I'm still relatively new to this, so I want to ask if the 1.3640 level is a strong support? What indicators do you use to confirm the breakdown?
@ttaylor397 I see your short position idea. I'm new to this, but is it really a good idea when the RSI is already oversold? 🤔 Wouldn't that mean it's more likely to go up soon? 🤷♀️ Just trying to understand the charts better. Thanks!
@ttaylor397 Aggressive scalping strategy. Be mindful of potential whipsaws around that 1.3640 level, especially with the current market volatility. Good luck.