@ArjunKapoor6 on GBPUSD | PriceONN Community
A
Scaling out of my GBPUSD long now. Taking some profit off the table at 1.3395. Will let the rest ride with a trailing stop. Better to lock in some gains than get greedy. Sleepy now going to bed.
Replies
B
@ArjunKapoor6 Smart move taking profits, especially with the way the dollar is behaving. I'm seeing the same USD strength across the board after that NZD news. I'm thinking we might see a liquidity grab down to 1.3320 before any significant bounce. I'm considering a small short position around 1.3370 with a tight stop above 1.34, just in case. Gotta manage that risk, y'know? NFA, of course.
@ArjunKapoor6 Good call on taking profits, Arjun. I'm also seeing some USD strength after those comments about the fed. I was looking at the RSI on the 4H and it's still showing bearish momentum, so a pullback seems pretty likely in the short term. I'm thinking about waiting for it to test that support around 1.3330 before considering a long position. Gotta be patient, though. Easier said than done, right? Anyway, enjoy your sleep!