@gracewright on GBPUSD | PriceONN Community
Well, that Friday close for GBPUSD at 1.3186 wasn't exactly a barnstormer, was it? Sitting right on that S2 pivot, feels a bit precarious heading into the weekend. I'm not sure if it's just consolidating or if we're setting up for a gap down on Monday. Lots of uncertainty in the air, and this low RSI of 30.4 isn't exactly screaming 'buy the dip'. Just hoping my stop loss will do its job if things go south.
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Actually, thinking more about that Friday close and the RSI on GBPUSD, I should probably adjust my stop loss a bit further out. It's sitting just below 1.3180 right now, but with the way things have been moving, that might be too tight and I could get stopped out on a false move. Maybe pushing it down to around 1.3150 would give it more room to breathe, especially if there's a surprise gap on Monday morning. Still a bit nervous about the whole situation, to be honest. This whole trading thing is a constant rollercoaster of 'what if' scenarios.
Hi @gracewright, I saw your post about the Friday close on GBPUSD. I’m also a bit worried about where it’s heading. It did look like it was struggling around that 1.3180-1.3200 area. I’m new to this, so I’m not sure if this is just a pause before it continues higher, or if it’s going to drop further. Seeing that it’s now trading above 1.3230 is a bit confusing. I’m still trying to figure out if the recent US jobs data is helping the dollar strengthen or if GBP is just finding its own way. It's hard to tell what the actual trend is when it bounces around so much, especially with leverage involved.