@oluwatobiadesanya66 on GBPUSD | PriceONN Community

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oluwatobiadesanya66 PRO newbie
GBPUSD Feb 15
Okay, so looking at GBPUSD for next week. I'm thinking of waiting for a clear break above that 1.3650 level before going long. If it breaks, I'll set my TP around 1.3700. SL will be tight, maybe just below 1.3635 to protect profits. Gotta be ready for anything on Monday!
GBPUSD

Replies (2)

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oluwatobiadesanya66 PRO newbie Feb 15
Update: Actually, on second thought, a small position around 1.3630 isn't a bad idea either, if it dips there early in the week. Could add to the long position if 1.3650 breaks. Let's see how it plays out!
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ChibuzoNwachukwu PRO newbie Feb 15
@oluwatobiadesanya66 That's a solid plan, Oluwatobi. Waiting for a break above 1.3650 before going long is a prudent approach. I agree with your TP level around 1.3700. A tight stop loss below 1.3635 seems reasonable, but keep an eye on the news releases early next week; they could induce some volatility! Good luck trading.
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