@kamran1568 on GBPUSD | PriceONN Community

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K
kamran1568 PRO newbie
GBPUSD Mar 10
Cant sleep. Watching GBPUSD in this Asian session. The range is incredibly tight, almost no movement at all. Volume is also very low, typical for this time. Perhaps a breakout later in the day, but for now, patience is key.
GBPUSD

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K
kamran1568 PRO newbie Mar 10
And actually thinking about it more, this could be a good opportunity to set some limit orders just outside the current range. A tight stop loss would limit the risk, and a breakout in either direction could be quite profitable. The BOE meeting minutes are still looming, so that could be the catalyst for a move. I will set alerts at 1.3400 and 1.3430 to see if there is any movement, and then decide about my entry. I am thinking of a 1:3 risk reward ratio.
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