@FreyaBennett on GBPUSD | PriceONN Community

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FreyaBennett PRO newbie
GBPUSD Mar 17
Right, so with GBPUSD looking a bit wobbly and that 200 SMA being just above current price at 1.3353, I'm being super cautious with my position sizing today. Definitely not going full size like I might normally. I've halved my usual lot size just to be safe, you know? Better to miss out on a bit of profit than to be left holding bags if it turns south unexpectedly. It's a bit nerve-wracking watching it bounce around.
GBPUSD

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FreyaBennett PRO newbie Mar 17
Actually, thinking about it more, the fact that the price is hovering near the 200 SMA and the Bollinger Bands are so tight might mean something is brewing. It's like the market's holding its breath. I saw that RSI is at 64, which is still bullish, but it's not screaming overbought yet. I just don't want to get caught in a fakeout, especially after seeing how volatile things can get during these London/NY overlaps. I might even consider adding a small stop loss just below 1.3330 if it starts to show weakness, just to protect what little I've put in.
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