@sjaved228 on GBPUSD | PriceONN Community
Just opened a long position on GBPUSD at 1.3242. Was watching that 1.32 area and it held pretty well. Aiming for R1 at 1.32403 initially, but hoping it can push higher towards the 200 SMA area if momentum picks up. Fingers crossed this move doesn't get invalidated by news later.
Replies
Okay, so I'm in this long at 1.3242, and seeing that the New York session is usually pretty active, I'm hoping for some follow-through. The Dollar seems a bit shaky with all this Middle East tension and talk of the Fed keeping rates high, which should theoretically help GBPUSD. I'm keeping a close eye on the economic calendar for any surprises, especially with inflation data coming out for the Eurozone, that could spill over. My stop is set just below that pivot point around 1.32075. If it breaks that, I'm out. But really, I'm looking for it to hold above 1.3230 for the rest of the session.
C
Hey @sjaved228, that's brave going long! I'm a bit scared to open new trades right now because GBPUSD has been so wild. I hope your position works out for you! What do you think about that 1.32 level holding? I'm still trying to figure out if it's a real support or just a temporary pause before it drops more. Good luck with your trade!
Hey @sjaved228, going long there sounds pretty risky with how it's been dropping. I'm also a bit scared seeing it go down. Hope your TP hits!
F
Hey @sjaved228, brave move going long there. I'm not sure I would have entered with the RSI looking so oversold and the general bearish momentum heading into the weekend. Hope it works out for you though!