@M_Perez on GBPUSD | PriceONN Community

Okay, I'm seeing a possible short setup on GBPUSD. Looking at the H4 chart, we've broken below a key support level. My plan is to enter short around 1.3480 with a stop loss at 1.3495 (just above R1). My initial TP is 1.3460, but I'll move my SL to breakeven if it hits that. I'm also considering using a trailing stop to maximize potential profits. This is just a day trade, so I'm not looking to hold it overnight. The 50 SMA is still above current price so I'm hoping for a continued downtrend. What do you guys think?