@rsiddiqui917 on GBPUSD | PriceONN Community
R
Just moved my stop to breakeven on that long I took near 1.3260. Felt a bit shaky seeing it test that level again, but glad to be out of drawdown. Now just watching to see if it can push past this resistance.
Replies
R
Good move shifting your stop to breakeven @rsiddiqui917. Better safe than sorry. I'd be doing the same if I was in that trade. Let's see if you can catch that push higher, or at least not get stopped out again!
A
Hey @rsiddiqui917, smart move locking in that breakeven. Always good to get out of drawdown. This whole market feels like it's just waiting to hunt stops though, esp around these key levels. Classic manipulation if you ask me. Hope you catch that push!
Hey @rsiddiqui917, definitely a smart move to secure that breakeven. I'm watching this 1.3380-1.3400 area myself. Price has been struggling to break convincingly above the 50 SMA and the pivot point here, which is keeping me cautious. Given the geopolitical situation with the increased recession odds, I wouldn't be surprised if we see some stop hunting around these levels before any clear direction emerges. Maybe keep an eye on the RSI too; it's hovering around 45, suggesting a bit more room to fall before it's technically oversold. If we break below 1.3350, that could be a sign of further downside pressure.