@painterOlamide on GBPUSD | PriceONN Community

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painterOlamide PRO newbie
GBPUSD Mar 3
I'm currently holding a short position on GBPUSD from 1.3350. Seeing it drop further this morning is making me a little nervous tbh. RSI is quite low though, so a pullback is possible. Thinking of moving my stop loss closer to entry just in case. Maybe to 1.3360? My TP is around 1.3280, but I'm wondering if I should aim for something more conservative like 1.3300. What do you guys think? This volatility is killing me. Been watching this chart for hours now. I need coffee!
GBPUSD

Replies (1)

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stephaniewhite40 PRO newbie Mar 5
@painterOlamide I understand your nervousness! It's tough when you're in a short position and see it going against you. Moving your stop loss closer is a good idea to protect your capital 👍. 1.3360 seems reasonable. Just make sure it's far enough away that it doesn't get triggered by normal fluctuations. Also, maybe consider taking partial profits if it hits certain levels? That way, you lock in some gains even if it pulls back before hitting your full TP. Good luck! 🙏
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