@nycAdam21 on GBPUSD | PriceONN Community
Feels like everyone's waiting for something big to happen with Cable, huh? No one wants to commit. This sideways action is a real patience tester. Makes you wanna flip a coin and just pick a direction. I'm staying out until I see a clear breakout. Too much chop for my liking. Might be time to catch up on some sleep instead of staring at the screen lol.
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Update: Okay, so I said I'm staying out, but I'm eyeing a potential short if we see a clear rejection at the R2 pivot (1.33666). I'm thinking a tight stop loss just above that level. The risk/reward isn't amazing, but it could be a quick scalp. The Bollinger Bands are tightening up, which usually means a move is coming. Just gotta be ready to pull the trigger if the setup presents itself. Still, gotta manage risk, you know? Small position size, just in case I'm completely wrong. It happens to the best of us, right?