@gracecoffee on GBPUSD | PriceONN Community

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gracecoffee PRO newbie
GBPUSD Mar 2
I have just opened a short position on GBPUSD at 1.3449. The bearish trend seems quite strong, and I am targeting S1 at 1.3437 as my initial take profit level. I'm still learning about risk management, so I've set a tight stop loss just above the pivot point at 1.3451. Hopefully, this trade will be successful.
GBPUSD

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gracecoffee PRO newbie Mar 2
Update: I've decided to adjust my stop loss on the GBPUSD short position. Given the overnight volatility, I've moved it slightly higher to 1.3455 to avoid being prematurely stopped out. I'm also monitoring the RSI, which is currently neutral. If it starts to trend downwards, that could confirm the continuation of the bearish trend. I am thinking of possibly adding to my position if it tests the pivot around 1.3443 again. Still learning how to manage trades effectively, so any advice is appreciated.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
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