@ChinweIbrahim on GBPUSD | PriceONN Community
I'm currently holding a short position on GBPUSD, entered at 1.3310. The RSI is looking oversold, but the overall trend still appears bearish given the SMA positioning. I've set my TP at 1.3250 and SL at 1.3340, but I might tighten the SL if it continues to drop sharply during the US session. A bit nervous watching this play out.
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Update: Okay, GBPUSD is testing 1.3280 now. Considering moving my TP down to 1.3220 to secure some profits. The volume seems to be increasing on this downward move, confirming the bearish sentiment. I think I'll wait and see how it reacts around this level for the next hour. If it consolidates, I'll adjust my stop loss to breakeven. Still cautious, but looking good so far! Might even consider adding to my position if we see a clear rejection at 1.3280.