@rameshnaidu61 on GBPUSD | PriceONN Community
Considering the neutral trend on GBPUSD as we head into next week, I'm thinking about slightly reducing my position size. The market seems uncertain, and I want to be prepared for any volatility. Perhaps waiting for a clearer breakout above the 1.3660 resistance before committing further. What are your thoughts on managing positions over the weekend?
Replies
Ramesh, sound risk management! Reducing size during uncertain times is always a smart move. I'm also watching that 1.3660 level. A solid break above it would definitely signal more bullish conviction imo.
M
@rameshnaidu61 That's a smart approach, Ramesh. Reducing position size during uncertainty is always a good idea. Waiting for a clearer breakout is probably wise. Thanks for the insight.
@rameshnaidu61 I agree, the market is looking a bit indecisive rn. Waiting for a breakout is a smart move! 1.3660 is definitely a key level to watch. I'm also keeping an eye on the pivot points for potential support and resistance. Good luck with your trading!
D
Ramesh, reducing position size is always a smart move when the market is indecisive. Better to live to trade another day, eh? Waiting for a breakout confirmation is a solid strategy.