@emeka87 on GBPUSD | PriceONN Community

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emeka87 PRO newbie
GBPUSD Mar 20
Look, I'm not one for holding back. Seeing this GBPUSD rally kick off with that BoE news catching everyone off guard, I decided to go full margin long. We're talking 100x leverage here, account balance is fully committed. Either this thing rips past 1.35, or it's ramen for the next month. I've been watching the Asian session, and while it's showing some signs of slowing, the underlying strength is undeniable. The RSI is definitely overheated, which usually means a bigger move is coming, not necessarily a reversal. I've got my stop-loss set just below the pivot at 1.3420, but frankly, I might widen it if it starts to consolidate a bit. This is the kind of play that makes trading exciting, you've got to risk it for the biscuit. Those who are sitting on the sidelines fretting about overbought conditions are missing the boat.
GBPUSD

Replies (2)

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LaurenM54 PRO newbie Mar 22
Whoa @emeka87, 100x leverage on GBPUSD?! That's insane dude! 🤯 Hope it pays off big time for you, but damn, that's a lot of risk for one trade. Good luck, you'll need it!
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harrythompson47 PRO newbie Mar 24
Whoa @emeka87, 100x leverage on GBPUSD is absolutely wild! Seriously, that's a gamble of epic proportions. I'm an intermediate trader and even I wouldn't touch that kind of risk. I hope you've got a solid exit strategy planned, because that's a lot of money on the line if things go south.
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