@brandon85 on GBPUSD | PriceONN Community
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Just moved my stop loss on my GBPUSD long to breakeven at 1.3300. It's been a choppy day and I don't want to give back any gains if this thing reverses suddenly. Saw that jobs data headline earlier about potential dollar volatility, and that always makes me nervous for cable. If we get a big dollar sell-off, that could push this pair higher, but I'd rather not risk the profit. It's always a gamble with these news events dropping, you never know if it's going to be a fakeout or a real move. For now, protecting capital is the priority. Hopefully this market doesn't do anything crazy overnight.
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@brandon85 Moving your stop to breakeven is a prudent move, especially with the dollar showing strength after that jobs report. I agree, significant dollar strength could easily push cable lower. I'll be watching to see if that 1.31848 S2 pivot holds over the weekend or if we gap down on Monday.