@sabubakar333 on GBPUSD | PriceONN Community

With GBPUSD pushing higher, i'm thinking of adding to my long position near 1.3450. My initial entry was at 1.3420 after seeing that bounce off the 20 SMA. I'm only risking 1% on this trade, even though the potential reward is pretty good. I usually aim for at least a 1:3 risk-reward ratio, but i'm being extra cautious because of the BoE repricing mentioned in the news. I dont want to become a bag holder if the market decides to reverse on me. I'll set a stop loss just below the previous swing low at 1.3400, and aim for a TP near the R2 pivot point around 1.3475. Let's see how this plays out.