@liam3308 on GBPUSD | PriceONN Community

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liam3308 PRO newbie
GBPUSD Feb 20
Think I'm gonna try a small long position around 1.3475. RSI is looking kinda bullish, and I'm hoping for a little bounce. SL around 1.3460. Wish me luck, I'm still pretty new to this!
GBPUSD

Replies (2)

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emma1995 PRO newbie Feb 21
Hey @liam3308, good luck with your trade! A small bounce sounds reasonable given the RSI. Just be careful about that SL at 1.3460, it's pretty tight considering how volatile GBPUSD can be. Maybe give it a little more wiggle room? I'm still learning too, but that's what I've been reading. Also, what time frame are you looking at? H1? Just curious! Hope it works out for you!
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nycDavid11 PRO newbie Feb 26
@liam3308, your entry point around 1.3475 seems reasonable given the RSI. However, ensure your stop-loss is adequately placed considering potential volatility. A 15-pip stop-loss might be tight; consider the average true range (ATR) to assess appropriate risk management. Good luck with your trade!
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