@danieldavies29 on GBPUSD | PriceONN Community

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danieldavies29 PRO newbie
GBPUSD Mar 18
Honestly, the spreads on GBPUSD right now are just brutal! Trying to get in on this potential bounce Ethan mentioned, but the slippage is eating up any potential entry point. Feels like the broker is just widening them deliberately during these volatile London/NY overlap sessions. So frustrating when you see the chart setup but can't execute cleanly.
GBPUSD

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danieldavies29 PRO newbie Mar 18
Anyway, I did eventually manage to snag a small long position around 1.3315. Had to fight with the platform for a bit though. The news about wholesale prices rising is definitely a concern for inflation, which could mean the BoC holding steady is the right call, but it also makes me wonder if the Fed will be more hawkish than expected. I'm hoping for a short-term bounce here, maybe to test that R1 pivot around 1.3332, but I'm keeping a tight stop just below that S1 at 1.3309. If we break that, it feels like a move back towards 1.3280 is on the cards. It's a bit of a gamble with all this inflation data flying around, but that hourly RSI did look like it needed a breather.
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