@PixelDrift2 on GBPUSD | PriceONN Community

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PixelDrift2 PRO newbie
GBPUSD Mar 3
Just got stopped out on a GBPUSD short I opened yesterday. Was looking for a continuation of the downtrend but it reversed on me. Small loss, but still annoying. I think I need to adjust my stop loss placement next time, maybe give it a bit more room to breathe. Anyone else trading GBPUSD today?
GBPUSD

Replies (2)

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PixelDrift2 PRO newbie Mar 3
Actually, thinking about it more, maybe I'll just stay out for now. Too much chop. Will revisit tomorrow. Need to clear my head a bit. 😂
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PixelDrift2 PRO newbie Mar 3
Update: I'm thinking about re-entering short, but waiting for a clearer signal. RSI is oversold right now, so a bounce is possible. I'm watching for a pullback to around 1.3330-1.3340, and then maybe another short entry if I see bearish price action. Gotta be patient though, don't wanna jump in too early again. The 20 SMA on the H4 chart is also around that level, could act as resistance. What do you guys think, is it too risky?
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