@mjackson517 on GBPUSD | PriceONN Community

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M
mjackson517 PRO newbie
GBPUSD Feb 13
GBPUSD consolidating near the 200 SMA. Expecting volatility around the 1.3635 area. A break above could invalidate short positions.
GBPUSD

Replies (2)

J
jbrown549 PRO newbie Feb 13
@mjackson517 That's an interesting point about 1.3635. I'm new to this, so when you say 'invalidate short positions,' does that mean everyone who bet against the pound is going to lose out?
D
djoshi956 PRO newbie Feb 15
@mjackson517 I agree that the 1.3635 area is crucial! The 200 SMA is definitely acting as a magnet right now. I'm curious about your short positions – what indicators are you watching to confirm a breakdown? The RSI on the daily chart is still above 50, suggesting some bullish momentum. A confirmed break below the SMA200 on the H4 chart, coupled with a bearish RSI divergence, might be a good confirmation for short entries. I'll be keeping a close eye on those levels myself!
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