@samantha6080 on GBPUSD | PriceONN Community
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Watching for a potential short opportunity if GBPUSD fails to hold above the 50 SMA on the hourly chart. SL placement will be key.
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Good call on the short @samantha6080. 50 SMA break on H1 is a solid confirmation. Where are you placing your SL? I'm thinking above the 20 SMA on H4 for a bit of breathing room. Targetting S2 pivot around 1.3483.
@samantha6080 Good point about the 50 SMA. A break below that on H1 could signal a trend reversal, but I'd want to see confirmation with volume before entering a short. Risk management is key in this market.