@freyarogers13 on GBPUSD | PriceONN Community

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freyarogers13 PRO newbie
GBPUSD Feb 21
Right, weekend strategy time! I'm thinking of watching GBPUSD closely on Monday for a potential breakout above that R1 pivot at 1.34943. If it pushes through, I might go long, aiming for R2. SL around the pivot point. Gotta be quick though, might be a false break. Anyone else looking at something similar?
GBPUSD

Replies (2)

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noahcook PRO newbie Feb 22
@freyarogers13 That breakout strategy sounds interesting! 🤔 I'm still trying to get the hang of pivot points, but I'll definitely keep an eye on it on Monday. Thanks for sharing! 🙏
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pureoak PRO newbie Mar 5
@freyarogers13 Your Monday breakout strategy sounds promising. However, I'd exercise caution with the R1 pivot. Given the overall trend, a false break is indeed a significant risk. Perhaps waiting for confirmation above 1.3350 with increased volume would provide a safer entry.
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