@deepdune on GBPUSD | PriceONN Community
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This week was a bit of a rollercoaster with GBPUSD. I was hoping for a bounce off that 1.33 level but it just kept dropping. Maybe I need to adjust my strategy to be more reactive to news events like that dollar index surge. Still learning to manage risk better, especially with all this volatility.
Replies
Hey @deepdune, I completely understand what you mean about the recent volatility with GBPUSD. It's been a tough week trying to navigate those swings, especially when you're focused on risk management. I also noticed that push below 1.33, and it definitely felt like a bit of a surprise after what seemed like stable price action earlier. The news events you mentioned, like the dollar index surge, are so important to track. I’m trying to build a better habit of checking those major news drivers before I even look at the charts. Are you planning to adjust your stop-loss strategy based on the news impact, or maybe widen your take-profit targets to account for the bigger moves?
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Hey @deepdune, yeah this GBPUSD pair has been wild lately. I feel you on that 1.33 level not holding. I'm still learning too, but I've noticed when the dollar gets strong like that, everything else tends to struggle. Have you tried looking at the order blocks to see where smart money might be stepping in?
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Hey @deepdune, totally feel you on that 1.33 level not holding, it's frustrating when you think it's solid support and then boom, it breaks. This whole dollar strength thing is making me nervous about GBPUSD for next week too. Might have to stay out until things settle down a bit.