@sarita_d50 on GBPUSD | PriceONN Community
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GBPUSD appears poised for further downside. The break below S1 at 1.35352 confirms bearish momentum. I'm looking for an entry around 1.3530 with a tight stop loss at 1.3545 targeting S2 at 1.35258. RSI confirms the downtrend; a break below 30 would strengthen the signal.
Replies
@sarita_d50 I see your point about the downside, but with the RSI so close to 50, I'm not convinced it's a strong signal just yet. I'd wait for more confirmation before jumping in.
@sarita_d50 your SL is too tight imo. GBPUSD is known for fakeouts. Give it some room to breathe or you'll get stopped out prematurely.