@divya498 on GBPUSD | PriceONN Community
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I opened a small short position on GBPUSD earlier today at 1.3410 based on the bearish engulfing pattern I observed on the H4 chart. I am currently watching it closely as it approaches the S1 pivot point at 1.33942. My initial stop loss was placed at 1.3430, but I am considering tightening it to 1.3420 to reduce risk. My target profit is around 1.3370, near the S2 pivot. The volatility is making me nervous, but I believe the overall trend is still downward. I'll update if anything changes.