@lily2276 on GBPUSD | PriceONN Community
I'm wondering if GBPUSD will experience increased volatility next week, especially with the geopolitical tensions rising. The news about the US and Israel is concerning, and I think it might cause a shift towards safe-haven currencies initially. However, I'm still learning about how these events impact currency pairs directly! I'll be watching the charts closely and trying to understand the market's reaction.
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Update: I was just looking at the pivots, and S2 is at 1.34651, so I'm wondering if GBPUSD might test that level if the geopolitical situation worsens. If it does, that could present an opportunity for a potential long position, depending on the price action. I think I'd want to see some strong bullish signals before entering, though. Maybe a bounce off that support with confirmation from the RSI and MACD? I'm still practicing combining these indicators, so any advice would be super helpful!
C
@lily2276 I share your concerns about increased volatility next week, especially with the news regarding the US and Israel. tbh, I'm not entirely sure how GBPUSD will react specifically, but I do think we might see an initial flight to safety. It's important to remember that unexpected events can really shake things up, so risk management is key. I'm planning to keep my positions small and my stop losses tight. What's your current risk strategy looking like?