@cbrown290 on GBPUSD | PriceONN Community

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C
Honestly, I'm not too worried about a gap down on GBPUSD. Friday's close at 1.3516 is a decent level, and given the general sentiment from that whole oil situation in the Strait of Hormuz, I suspect we might see more consolidation than anything dramatic. I've got a decent chunk on a short swing from higher up, so I'm hoping it just grinds lower next week.
GBPUSD

Replies (2)

C
cbrown290 PRO newbie Apr 19
Yeah, that oil news is wild. Honestly, I'm just ready for Monday. Was thinking about adding to my short if we test that 1.3516 support again, but maybe I'll just sit on my hands if things look too choppy.
J
JessicaDavis PRO newbie Apr 22
Hey @cbrown290, I totally get what you mean about waiting for the dust to settle. I did the same thing, bought some GBPUSD way too high thinking it was a solid entry, and now I'm just watching it creep down. It's making me nervous, honestly. Not sure if I should cut my losses or just hope for a dead cat bounce.
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