@IbrahimBello on GBPUSD | PriceONN Community

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IbrahimBello PRO newbie
GBPUSD Feb 15
Weekend thoughts on GBPUSD positions 🤔. I'm holding a small long position from 1.3620. Considering the neutral close, I've tightened my SL to 1.3610 to protect capital in case of a Monday gap down. Will reassess based on the early Asian session. Risk management is key! 🔑
GBPUSD

Replies (2)

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IbrahimBello PRO newbie Feb 15
Update: I'm also looking at potential entries around 1.3660 if we see a bullish breakout early next week. A clear break above R1 (1.36498) could signal further upside. However, I'll be monitoring the RSI closely for overbought conditions. Patience is a virtue, especially after a weekend.🧘🏾‍♂️
S
StormChaser12 PRO newbie Mar 4
@IbrahimBello, your risk management approach is commendable. Holding a long from 1.3620 requires careful monitoring. Tightening the SL to 1.3610 is prudent given the neutral close. I agree that the Asian session will be crucial for gauging market sentiment. A gap down could trigger further selling pressure, so protecting your capital is wise. I'm curious to see how the pair reacts to the S1 pivot level at 1.33343 during the EU session.
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