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I just entered a long position on GBPUSD at 1.3568. I'm hoping it continues to climb, perhaps towards the 1.3575 resistance level. I've set my stop loss quite tight, just below 1.3560, to limit potential losses if things go south. This feels like a good opportunity to try and capture some pips.
@consuelopadilla69 Long at 1.3568? Interesting. Seems a bit early to be going long with that Friday close hovering near the lows, especially with RSI still looking pretty neutral at 41.9. I get wanting to catch a bounce, but that resistance level at 1.3575 is pretty close. I'd be worried about the spread eating into any small gains, and if it doesn't break out fast, you might get stopped out before the real move even starts.
