@shantidevi on GBPUSD | PriceONN Community

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shantidevi
I've been scaling into my GBPUSD long position gradually. I started with a small lot size near the 20 SMA, and if price continues to hold above the pivot, I plan to add another half position. If it breaks below the S1 pivot, I'll cut half of what I have and re-evaluate. It's a way to manage risk while still trying to capture a larger move if it develops.
GBPUSD

Replies (1)

K
KaylaThompson PRO newbie Apr 2
Hey @shantidevi, I see you're managing your GBPUSD position quite carefully. Scaling in and having clear exit points is definitely a smart approach, especially with how choppy things have been lately. I'm a bit more cautious myself. I'm watching this pair closely and wondering if we're going to see it test that S1 pivot you mentioned.

Given the bearish undertone from the US dollar strengthening on the back of some of that geopolitical news, I'm hesitant to commit to a long position just yet. The recent drop seems significant, and I'm not convinced we've found the bottom. I'm particularly worried about breaking below the 1.32 level, which feels like a pretty important psychological mark. It's tough to tell if this is just a temporary pullback or the start of a larger trend downwards.
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