GBPUSD looks like it's still trending down. RSI is below 50, which usually means bearish momentum. I'm thinking of shorting around 1.3450 if it retraces a bit. Need to set a tight SL though, maybe like 20 pips? Still trying to figure out the best risk management for scalping.
@matthew531, Your short idea around 1.3450 is interesting. Given the RSI and potential bearish momentum. However, ensure your SL placement accounts for potential whipsaws. A 20 pip SL might be too tight, especially considering the pair's recent volatility. Perhaps consider using ATR to determine a more appropriate SL distance.
