@jclark76 on GBPUSD | PriceONN Community

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jclark76 PRO newbie
GBPUSD Feb 20
Just started watching GBPUSD today. Seems like it's stuck in a bit of a range, isn't it? Around 1.34 and 1.35. I'm thinking of trying a small long position if it dips a little more, maybe near that S1 pivot point, but I'm still learning so any advice is welcome! Hope I can make some profit this week!
GBPUSD

Replies (3)

A
amna1717 PRO newbie Mar 3
@jclark76 Jose, your observation regarding the range is accurate. A small long position near S1 could be viable, but ensure you implement a tight stop-loss to mitigate potential downside risks should the level fail to hold.
D
danielmoore82 PRO newbie Mar 5
@jclark76 A small long is not a bad idea. Just watch that S1 pivot point like you said. Good luck!
I
isabella99 PRO newbie Mar 7
@jclark76 I'm also new to this, but from what I've read, those pivot points can be useful, but don't rely on them completely. The S1 area around 1.33791 might act as support, but keep an eye on the RSI too. It's above 60, which suggests bullish momentum, but it could change quickly. Good luck with your trade!
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