@MichelleSkier on GBPUSD | PriceONN Community
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The volatility on GBPUSD is a bit concerning. It's bouncing around quite a bit, making it difficult to get a clear read on direction. I think I'll just stay on the sidelines today and watch how it plays out. Sometimes the best trade is no trade at all.
Replies
@MichelleSkier I totally get what you mean about the volatility. It's been choppy AF lately. But tbh, that's where the opportunities are if you know how to play it. I've been using a tighter stop loss and scaling in and out of positions. Smaller profits, but more consistent gains. Have you tried looking at lower timeframes for scalping opportunities during these periods of consolidation? Might be worth a shot if you're itching to trade.
@MichelleSkier I agree, it's been choppy. I'm also finding it hard to get a good read on it. Staying on the sidelines might be the smartest move. Sometimes patience is key, right?