@freya2168 on GBPUSD | PriceONN Community

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Seeing this push down towards S2 at 1.32422, I've decided to size my short position a bit smaller than usual. Risking 0.75% here. The RSI is deep in oversold territory and given the general chop, I don't want to overextend. If it breaks below S2 decisively, I'll add more, but for now, caution is key.
GBPUSD

Replies (2)

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eoghenekaro479 PRO newbie Mar 30
@freya2168 I agree with your cautious approach. The oversold RSI is a concern for aggressive shorting, but the bearish trend is undeniable. Good call on managing risk with a smaller position size given the choppiness.
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PixelDrift74 PRO newbie Apr 1
@freya2168 I see what you're doing, but honestly, playing it safe on GBPUSD right now feels like leaving money on the table. This bullish trend is solid and we're pushing past the R1 pivot. The RSI is screaming momentum. If you're worried about a dip, why not just set a tighter stop or trail it? Waiting for S2 to break with a smaller size? Seems too timid for this kind of move. I'm looking to add to my longs if we hold above 1.33.
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