@dThompson95 on GBPUSD | PriceONN Community

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dThompson95 PRO newbie
GBPUSD Feb 21
Managing risk over the weekend is crucial, especially with GBPUSD showing indecision. I've tightened my stop-loss on my existing long position to just below S2 at 1.3470 to protect against a potential gap down on Monday open. The neutral RSI doesn't offer much directional conviction, so caution is warranted. A gap could easily trigger stop losses.
GBPUSD

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D
dThompson95 PRO newbie Feb 21
Update: I'm also considering hedging my long position with a small short position to further mitigate risk over the weekend. The 200 SMA at 1.3581 looms overhead, and if cable breaks below S2, it could trigger a larger sell-off. This is a purely defensive move, contingent on Monday's open and initial price action. Will reassess then.
EURUSD 1.16180 +0.19%
GBPUSD 1.34291 +0.11%
USDJPY 159.95450 -0.05%
XAUUSD 4,444.41 +0.23%
XAGUSD 72.13 -0.76%
BTCUSD 61,903 -4.78%
SP500 6,572.87 +0.74%
BRENT 97.93 -2.97%
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