GBPUSD Live Price, Chart & Technical Analysis Guest

One of my core risk management rules is to never risk more than 2% of my capital on a single trade. It doesn't matter how 'sure' I am about a setup. This allows me to weather losing streaks without significant drawdown. I also always use a stop-loss order, no exceptions. Protect your capital above all else.

Okay, so GBPUSD is still looking bearish? I'm seeing some support around 1.3400, but I'm worried about the ECB news. It's making me nervous to buy the dip. Thinking about buying some puts to hedge against it. What do you guys think?

Anyone else watching GBPUSD for a potential short here? The trend's been bearish all day, and we're bumping up against that 1.3420 resistance. RSI is still neutral, but feels like it could turn down soon. Just wondering if anyone sees something I'm missing before I jump in...

This GBPUSD action reminds me of that dip back in February... everyone panicked, then it bounced like crazy. Could be a similar situation brewing here, just sayin'.

Possible bear trap forming on GBPUSD. Price dipped below S1 pivot at 1.33988 but is now showing signs of recovery. Watching for a strong close above 1.3418 (R1) to confirm. If it fails to hold, short positions might be the play.