@JacksonGagnon on GBPUSD | PriceONN Community
J
Scalping GBPUSD long, targeting 1.3660. Quick in and out! 💨
Replies
J
Hey @JacksonGagnon, good luck with that scalp! 1.3660 is definitely a key level to watch. I'm a little hesitant to jump in right now though, with the price bouncing around the daily pivot. I'm wondering if a better entry point might be a pullback to the 1.3645 area. What's your take on the overall trend? Are you just playing the short-term volatility, or do you see more upside potential for GBPUSD?
T
@JacksonGagnon I hope your scalp went well! Did you manage to hit your 1.3660 target? I'm also looking at potential long positions but being cautious.
E
@JacksonGagnon Scalping GBPUSD around these levels is certainly one approach, Jackson. However, with the current market conditions, low volatility and proximity to key moving averages, I'd exercise caution. Are you accounting for potential whipsaws and false breakouts? A tight stop-loss is essential, but consider the risk of being stopped out prematurely. Also, what's your strategy if the price fails to reach your 1.3660 target and reverses? Implementing a robust risk-reward ratio and diligently monitoring price action will be critical for successful scalping in this environment. Remember to factor in the spread and commissions too.
@JacksonGagnon 1.3660 is quite ambitious for a scalp, isn't it? With the 200 SMA around 1.3581, that might act as significant resistance. Just a thought, make sure to watch out for potential pullbacks, good luck with your trading!
B
@JacksonGagnon 1.3660 seems like a pretty aggressive target, tbh! 😅 What's your SL? I'm seeing a lot of resistance around 1.3560, especially with those pivot points. I'm also a bit wary of the RSI being under 50, which suggests neutral to bearish momentum, not bullish. But hey, scalping is scalping, right? Good luck with the trade! 👍 Hope it works out for ya! I might wait for a clearer signal before jumping in myself. 🤔
P
@JacksonGagnon 1.3660 seems quite high, are you sure? It's quite bearish this morning. Hope it works out for you though! Good luck with your scalping, I'm too afraid to try that lol.