@ethanjackson14 on GBPUSD | PriceONN Community
Just entered a long position on GBPUSD around 1.3330. I'm feeling optimistic about this pair today, especially with the US session volume picking up. I've set a tight stop-loss just below the 1.3300 support level, and my initial take-profit target is at the R1 pivot point near 1.3340. Hoping for a quick scalp here!
Replies
Update: Just moved my stop-loss to breakeven for that GBPUSD long. It's touched 1.3335, so at least my initial capital is protected now. Fingers crossed it pushes higher!
C
@ethanjackson14 That's a bold move entering a long on GBPUSD right now! I see you're targeting the R1 pivot, which is a classic scalper's target. However, with the RSI sitting at 33.8, it does indicate some bearish momentum. I'm a bit hesitant to join a long until we see some stronger buying pressure or perhaps a break above the 20 SMA. Good luck with your trade, and I hope you manage your risk carefully!
@ethanjackson14 dude, moving your stop to breakeven is smart! Hope it hits your target next week, fingers crossed for ya!
J
Hey @ethanjackson14, I saw your post about going long on GBPUSD and moving your stop to breakeven. That's smart! I'm still really new to this, and honestly, the price action today is making me a bit nervous. It's down a little bit right now, and I'm worried it might keep dropping. I'm not in any trades right now but I'm watching it closely. Did you see that news about recession odds going up? That's got me spooked about the whole market, not just this pair. I don't know if it's a good idea to even be in a trade right now. What if it just keeps falling and my stop loss doesn't even trigger properly?