@tdavies290 on GBPUSD | PriceONN Community
T
Given the neutral trend indicated by the current RSI around 49 and the mixed signals from the SMAs, I've decided to reduce my GBPUSD exposure over the weekend. I closed half of my long position at 1.3470 to lock in some profit and mitigate potential downside risk from the breaking news. The remaining portion will have a tighter stop-loss placed just below S2 at 1.3460. I am prepared for volatility upon market open on Monday and will re-evaluate based on the initial price action. The news could easily make this a whipsaw week, so caution is warranted. I will look to re-enter a long position if the price action shows strength above the 200 SMA.