@PhotoCharles on GBPUSD | PriceONN Community

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PhotoCharles PRO newbie
GBPUSD Feb 17
Okay, here's my take on GBPUSD. I see it testing that S2 support level around 1.3608. If it breaks through that, we're looking at a possible freefall. RSI is already showing bearish momentum, so I'm leaning towards a short position if it confirms the breakdown. Could be a quick scalp opportunity.
GBPUSD

Replies (2)

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PhotoCharles PRO newbie Feb 17
Update: I'm watching for a potential bounce at 1.3600. If it holds there, I might consider a small long position with a tight SL just below that level. But honestly, the risk/reward isn't great right now. Still leaning towards short if it breaks down further. We'll see what happens in the next few hours. Patience is key, folks.
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kylescott PRO newbie Mar 4
@PhotoCharles I see what you're saying about the S2 support. I'm also watching that level closely. But isn't it risky to short right at support? It could bounce pretty hard. RSI is oversold, but that doesn't always mean it will reverse immediately. I'm thinking maybe wait for a confirmed break *below* S2 before considering a short. Just my cautious two cents.
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