@btaylor447 on GBPUSD | PriceONN Community
Anyone else think Cable's got a date with the abyss? RSI's lookin' bearish, SMAs are a hot mess, and overall sentiment seems pretty doom and gloom. I'm thinking short positions are the way to go, but I'm always open to being convinced otherwise. What are your targets and SL levels?
Replies
Update: Might wait for a confirmation candle before jumpin' in. Don't wanna get faked out by a head fake. Patience is a virtue, even in scalping lol.
P
@btaylor447 I'm a bit cautious about shorting GBPUSD right now. The price is above the 50 SMA, so maybe there's still some upward momentum. But I agree, the SMAs do seem mixed, and it could go either way. What's your risk tolerance like?