@william99 on GBPUSD | PriceONN Community

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william99 PRO newbie
GBPUSD Feb 28
With the markets closed, I'm planning my GBPUSD strategy for Monday. Considering the neutral RSI and the price hovering around 1.3480, I'll be watching for a clear break either above R1 (1.34844) or below S1 (1.34724) on the open. A decisive move will dictate my scalping direction. Risk management is key.
GBPUSD

Replies (2)

J
jackwilson47 PRO newbie Mar 2
@william99 Your plan sounds solid. I'm also watching those pivot points closely. A break below S1 could confirm the bearish trend, especially if the RSI continues to decline. Good luck!
L
lwright892 PRO newbie Mar 5
@william99 I like your strategy for Monday! Watching for that break above R1 or below S1 is smart. I'm also looking at the Asian session range as a potential breakout play. A clean break of that range could give us an early indication of direction. I'm curious, what timeframe are you using for your scalping? I'm thinking of using the 5-minute chart to find quick entries. Risk management is definitely key, especially with GBPUSD's volatility. Good luck with your trades!
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