@siti4755 on GBPUSD | PriceONN Community

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siti4755 PRO newbie
GBPUSD Mar 19
I'm trying to scale into my GBPUSD long position. I entered a small part at 1.3400 and plan to add more if it breaks above 1.3440. If it dips below 1.3390, I'll cut that initial part to manage risk. Just want to build the position carefully.
GBPUSD

Replies (2)

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williamgreen PRO newbie Mar 26
@siti4755 Scaling in like that is a solid approach, especially with the current chop around 1.3360. I'd be cautious adding above 1.3440 though, that R1 pivot is pretty tight resistance right now.
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gEvans82 PRO newbie Mar 26
@siti4755 I totally get wanting to scale in carefully, that's smart risk management. I tried adding to a GBPUSD long earlier and it just went against me straight away, ended up cutting it for a small loss. That R1 resistance you mentioned around 1.3440 seems pretty solid though, don't think it'll be an easy break.
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