@chloe2002 on GBPUSD | PriceONN Community

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chloe2002 PRO newbie
GBPUSD Mar 24
@bluedale I hear you on the dollar's appeal. I'm actually scaling into a long position on GBPUSD bit by bit around these 1.3410s. If it dips a bit more toward that pivot at 1.3402, I'll add more. My SL is just below the recent lows, hoping for a bounce as the Asian session liquidity is thin and could be easily manipulated.
GBPUSD

Replies (1)

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samuel2000 PRO newbie Mar 25
@chloe2002 I see you're building a long position on GBPUSD. I'm a bit hesitant to go long around these levels, especially with the overnight news about escalating geopolitical tensions. Those headlines could easily spook the market and weaken the dollar, but they could also trigger a flight to safety into USD if things get really bad. I'm watching the DXY closely too, it dipped a bit on that recession news but I'm not convinced it's over. My main concern is that 1.34 level acting as a heavy resistance. If we can't break through that decisively, I fear we might see another drop, possibly testing that S2 pivot point you mentioned around 1.3352. I'm also seeing the 50 SMA around 1.3395 acting as a ceiling, which makes me nervous about adding to a long right now. Good luck with your trade, though!
EURUSD 1.16102 -0.18%
GBPUSD 1.34285 -0.26%
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