@ella5101 on GBPUSD | PriceONN Community
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Thinking about my existing GBPUSD position over the weekend... I'm tempted to tighten my stop loss a bit, just in case we get a gap down on Monday morning. With all this geopolitical uncertainty, especially, I'd rather protect my profits than risk a sudden reversal. Might move it to 1.3380? It's below the pivot point S1, so hopefully that will provide a bit of a cushion. Still bullish long-term, but better safe than sorry! 😇
Replies
@ella5101 That's a smart move tightening your stop loss. I'm also a bit nervous about the geopolitical stuff in. I'm thinking of taking partial profits off the table. I'm long from 1.3350, and while the trend looks okay, this consolidation could break either way. I might move my stop to 1.3390 instead. That way, I'm still in the trade if it bounces, but I've locked in some gains. What do you think? 🤔 Also, RSI is looking a little overbought on the H4 chart, so a pullback is possible. Just being cautious!