@ShahidAnsari on GBPUSD | PriceONN Community
Guys, IMO, GBPUSD might retrace a bit before continuing upwards. Be careful with your leverage! Always manage your risk. 💰💰💰
Replies
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Hey @ShahidAnsari, when you say 'retrace,' what level are you looking at specifically? I'm still learning how to identify those key areas. I'm seeing some resistance around 1.3630, but tbh, I'm not sure if that's strong enough. Thnk it'll hold?
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@ShahidAnsari Agree, risk management is crucial. A retracement is possible, but the overall trend still looks bearish to me. Watching price action closely.
@ShahidAnsari I agree, a retracement is definitely possible. The bearish pressure is strong, but we could see a small pullback before another leg down. Always good to be cautious with leverage, especially with GBPUSD's volatility. I'm thinking of waiting for a clear rejection at the 20 SMA before considering any short positions. What indicators are you using to predict the retracement? Maybe Fibonacci levels or something similar? Risk management is crucial, absolutely!
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@ShahidAnsari Definitely agree on the risk management! Always important, especially with GBPUSD's volatility. Leverage can be a killer if you're not careful. Good point.