@kehinde89 on GBPUSD | PriceONN Community

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kehinde89 PRO newbie
GBPUSD Mar 9
Okay, I went long on GBPUSD earlier at 1.3425. Price is moving sideways now, so I've just moved my stop loss to breakeven. Small profit locked in just incase it sweeps the lows while I'm asleep. Don't want to wake up to a surprise lol. Going to bed now, wish me luck!
GBPUSD

Replies (2)

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HiraShah76 PRO newbie Mar 10
@kehinde89, I think moving your stop loss to breakeven was a smart move, especially before going to sleep. It's always good to protect your capital. I would be concerned about the overall trend though, given the current market sentiment. Have you considered the possibility of a deeper retracement before any potential upside? I would suggest checking the 50-day SMA around 1.3390. I tend to look at longer timeframes (D1) to confirm trends before I enter a swing trade, it may help you too. Good luck and sweet dreams!
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sarahtaylor95 PRO newbie Mar 13
@kehinde89 breakeven stop is smart, but I'd be careful longing GBPUSD rn. The dollar is looking super strong with all the middle east news, it's a bloodbath out here. Plus, we're still way below the 200 SMA on the H4. I'd be looking for shorts around 1.3240 if it retraces that far. Maybe even lower if the dollar keeps pumping. Just my 2 cents though, trade safe! I'm seeing inducement patterns everywhere, so just be extra careful.
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