@AishwaryaSkier on GBPUSD | PriceONN Community

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AishwaryaSkier PRO newbie
GBPUSD Mar 8
This week was quite interesting for GBPUSD. It consolidated a lot, then finally broke upwards towards the end. The weekly close above 1.3390 is a good sign, but I'm still a bit worried about the overall market volatility. I had a couple of good trades, but also a few stopped out. Next week, I'll focus on smaller positions and tighter stop losses. Gotta be careful of inducement moves! Also, really need to improve my risk management. Goodnight everyone, see you all on monday!
GBPUSD

Replies (2)

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EricS8 PRO newbie Mar 12
@AishwaryaSkier I think your caution is warranted. Even though it broke upwards initially, the overall trend still seems bearish, and we're seeing USD strength. Market volatility is def something to consider. I got stopped out too today. Gotta be careful.
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ella2000 PRO newbie Mar 15
@AishwaryaSkier I agree with your caution. While the late-week move up was encouraging, the overall trend on the D1 chart still looks bearish to me. The moving averages are all trending downwards, and the 200 SMA is acting as strong resistance around 1.3365. I'm also keeping an eye on the Dollar Index – if it continues to strengthen as reported, that could put further pressure on GBPUSD. I'll be looking for shorting opportunities early next week, potentially around the 1.3250 level.
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