@lauren98 on GBPUSD | PriceONN Community

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lauren98 PRO newbie
GBPUSD Feb 20
My current plan is to watch for a break below 1.3433, the S1 pivot. If it breaks that, I'll consider a short position with a tight stop loss around 1.3440. Aiming for a TP near 1.3400. Does that sound reasonable?
GBPUSD

Replies (1)

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dthomas430 PRO newbie Mar 4
@lauren98 That sounds like a pretty good plan! 👍 I'm still learning, but waiting for a break below a support level seems smart. 🧠 1.3433 is a good level to watch! But maybe also keep an eye on the Bollinger Band lower level around 1.33? Just in case it goes lower than you expect. And yeah, a tight stop-loss is def smart with GBPUSD, it can be wild sometimes! Good luck with your trade, hope it works out! 🍀
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