@svyas485 on GBPUSD | PriceONN Community
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You know, thinking more about that bearish engulfing pattern I mentioned near 1.3380. It's forming right at that resistance level that was talking about. The RSI is also starting to curl over from overbought territory around 68, which adds to the caution. I'm definitely keeping a close eye on this. If we break below the 50 SMA, that's going to be a strong signal that the smart money is selling into this strength. I'm still in a small long myself, but I've moved my SL to just below the 20 SMA, around 1.3290. Trying to protect this position overnight, but if it starts looking ugly, I'll just cut it. Don't want to be holding a big loss when I wake up.