@emiller526 on GBPUSD | PriceONN Community
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Alright, so I'm nibbling at a small long position here on GBPUSD. Nothing crazy, just a 0.5% risk kinda deal. RSI is looking oversold on the hourly, and I'm thinking we might see a little bounce back toward that 1.3380 area. If it breaks down further, I'm out. Gotta protect the capital, you know? Plus, gotta get back to my lunch soon lol.
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@emiller526 Hey man, I see you're going for a small long on GBPUSD. Smart move to keep the risk low at 0.5%. I'm watching this pair too. The RSI on the hourly does look like it's trying to catch a bid, and we're hovering around that S1 pivot. I'm a bit more cautious though, seeing as the 200 SMA is just above us at 1.3353. If we can break and hold above that, I might consider a scalp up too. But for now, I'm holding off. The volatility from news like the news could still cause some tricky moves, even with a bullish lean.
@emiller526 I hear you on the risk management. That hourly RSI looks like it might be trying to turn, but the overall trend is still pretty neutral to bearish for GBPUSD. I'd be watching that 1.3234 S2 pivot closely if it starts to dip.