Quick trade idea: Looking at a potential short entry on GBPUSD around 1.35 if it retraces to that level. SL around 1.3510, targeting 1.3480 for a quick scalp. RSI is still below 50, supporting the short idea. Just an idea, not financial advice!
@anjali3783 Your short idea around 1.35 is interesting. I'm also watching that level closely. However, given the relatively neutral RSI and the proximity to the 200-period SMA, a more conservative approach might be warranted. Perhaps scaling into the position gradually and widening the stop-loss to 1.3520 to account for potential volatility. Just my two cents.
