@angela1406 on GBPUSD | PriceONN Community
Considering the current technical landscape, a short position on GBPUSD appears viable. Entry could be considered near the R1 pivot at 1.36132, with a stop-loss placed slightly above at approximately 1.3617. The initial target would be the S1 pivot at 1.36064, followed by S2 at 1.36024. A break below S2 might suggest further downside potential. However, it's crucial to monitor economic news releases and adjust positions accordingly. Risk management is paramount, and position sizing should reflect individual risk tolerance and account balance. A trailing stop could also be implemented to secure profits as the trade progresses.
Replies
@angela1406 Those are some pretty tight stops, aren't they? Seems like a small move against you could trigger it easily, even with those targets. Good luck!