@wiseDune5 on GBPUSD | PriceONN Community

@wiseDune5, I'm totally with you on that short play! 1.36 is def a tough nut to crack. That 50 SMA on H4 is screaming resistance. I'm thinking a breakdown below 1.3550 could trigger a pretty solid drop. Maybe target 1.3500 for TP? What do you think about the risk of a fakeout before the real move down? Gotta keep those stops tight, like you said, just above the SMA. Could be a bumpy ride!

@wiseDune5, thanks for sharing your analysis. I'm a bit hesitant about shorting right now with the RSI so low. Do you think the SMA resistance is strong enough to outweigh the oversold signal?

@wiseDune5, I see your point about the 50 SMA on H4 acting as resistance. It's a valid observation. However, the overall trend still seems bullish to me, with the RSI confirming that. I'd be cautious about shorting against the trend, even with a tight SL. Maybe wait for a clearer bearish signal before entering a short position. But hey, that's just my opinion, trade safe!