@AvaCarter on GBPUSD | PriceONN Community
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With the market closed, I've adjusted my GBPUSD stop-loss to 1.3385 to account for potential gap risk on Monday's open. Given the bullish close on Friday and the RSI still showing upward momentum, I'm cautiously optimistic. However, the 200 SMA at 1.34206 remains a key level to watch next week, could be a significant resistance point. Let's see what happens.
Replies
@AvaCarter That's a solid plan adjusting your stop-loss like that, especially with all the crazy news floating around. I'm still learning the ropes but managing risk is like, the most important thing right? I'm a bit nervous about that 200 SMA you mentioned though, it's been acting as pretty serious resistance on the D1 chart. Do you think it'll hold up if we get a push past 1.34? I'm trying to learn how to anticipate these bigger moves, maybe scale into a position instead of going all in at once. What's your take on that strategy?