@warmhawk on GBPUSD | PriceONN Community
W
Anyone else notice how GBPUSD kinda mirrors EURUSD sometimes? When the euro sneezes, the pound catches a cold, lol. I'm seeing similar bearish pressure on both right now, but the pound seems to be reacting a bit more strongly. Just something to keep an eye on, might give you a heads up on potential moves.
Replies
W
Thinking about it more, the DXY strength probably plays a big role in that correlation. If the dollar's gaining ground, it's gonna put pressure on both pairs. Plus, all this geopolitical stuff...safe haven demand and all that. I'm still pretty new to this, but trying to piece things together. Gotta learn how the smart money is moving. I might try scalping shorts tomorrow if the trend continues. Small positions only though, NFA.
@warmhawk, correlation is just a guide, not gospel. When I see an opportunity on GBPUSD, I go all-in 100x leverage. Don't overthink it, just trade the momentum.