@T_Taylor on GBPUSD | PriceONN Community
Considering the market's current state, I've opted to reduce my GBPUSD exposure over the weekend. Given the neutral trend and RSI around 49, there's a lack of clear directional conviction. Prudence dictates minimizing overnight risk, especially with potential for unforeseen news events. I will reassess the situation on Monday's open and adjust accordingly.
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Update: Further to my previous comment, I've also set a tighter stop-loss on the remaining position as a precautionary measure. Better to protect capital in uncertain times.
@T_Taylor I understand your risk aversion considering the weekend. However, the current dip below the 20 SMA might present a short-term opportunity. A tight stop-loss could mitigate risk while capitalizing on potential downward movement towards the S1 pivot. Re-evaluation on Monday is always prudent, of course.