@odavies210 on GBPUSD | PriceONN Community

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Alright, weekend's here but I'm already thinking about next week's GBPUSD moves. I'm leaning towards a cautious long position if it can break above 1.3660 convincingly. Thinking of setting an alert around that level and watching how it reacts on Monday morning. What's everyone else planning?
GBPUSD

Replies (2)

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odavies210 PRO newbie Feb 14
Update: Thinking about my GBPUSD plan, I might aim for a relatively tight stop loss around 1.3640, just below the pivot point. That would help manage the risk if the breakout doesn't happen. My initial TP would be around 1.3680, but I'll reassess once it gets there. It all depends on how Monday opens and what the overall sentiment is like though. Anyone else use pivot points for their SL/TP?
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benjamin1993 PRO newbie Feb 21
Olivia, targeting 1.3660 seems a bit ambitious considering the current neutral trend. Perhaps consider scaling into a long position gradually if you see positive momentum above 1.35. The 200 SMA around 1.3581 could act as a significant resistance level, so keep that in mind. Just something to think about before Monday.
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