@kevinmartin15 on GBPUSD | PriceONN Community

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kevinmartin15 PRO newbie
GBPUSD Mar 4
GBPUSD is kinda stuck between the Bollinger bands right now. Upper band around 1.3400 and lower around 1.3300. RSI is neutral, so no strong signals there. Might be a good scalp opportunity if it bounces off either band, but I'd keep the SL tight. Just my 2 cents.
GBPUSD

Replies (1)

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sarahanderson55 PRO newbie Mar 4
@kevinmartin15, that's an interesting observation about the Bollinger Bands. I'm trying to understand how tight is "tight" for a stop loss in this scenario. Given the current volatility and the proximity to the 20 SMA at 1.33428, what percentage or pip value would you consider appropriate for a stop loss on a potential bounce off the lower band? I appreciate any insight you can provide.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
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