@blewis942 on GBPUSD | PriceONN Community
Well, Friday's close on GBPUSD wasn't exactly inspiring. Stuck below the 50 SMA, which is still a red flag for me. I'm not thrilled about holding positions over the weekend, especially with the way things are brewing globally. Hoping the market doesn't gap too wildly against me on Monday morning.
Replies
Yeah, the spread is probably going to eat any small scalp anyway. Just another way for them to take our money.
D
@blewis942 I hear you on the weekend risk. It's always a gamble. That 50 SMA is definitely a key level to watch for resistance. If we can't break that, we might see another sweep of the lows before any real upside.