@AngelaDavis on GBPUSD | PriceONN Community
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Considering a short position on GBPUSD if it fails to hold above the 50-day SMA. The pair's inability to sustain upward movement suggests potential weakness. A target around 1.3600 seems reasonable, with a stop-loss placed above the recent high near 1.3650. Risk management is key.
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@AngelaDavis, I'm also looking at a potential short on GBPUSD. I'm a bit of a beginner, so your analysis is helpful. I was wondering, how do you decide where to place your stop-loss? I'm always worried about it being too tight and getting stopped out prematurely, but also don't want to risk too much. Is the 50-day SMA a reliable indicator for you? What other factors do you consider before entering a trade like this?
Short position, huh @AngelaDavis? Sounds risky but exciting! 🤩 I'm too much of a scaredy-cat to try that, but good luck! Hope it goes your way 🙏