@GauravTrivedi on GBPUSD | PriceONN Community
Watching this GBPUSD move. Price is pushing towards R1, RSI is already overbought at 75. I've moved my stop to breakeven at 1.3380 just in case this stalls out or reverses hard. Better safe than sorry with this dollar strength noise.
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Yeah, like I was saying to myself, the Fed news about no rate cuts is a big factor. Even with the RSI looking toppy here on GBPUSD, that dollar strength could keep pushing. I'm thinking if we break above 1.3450, it might be a bull trap, especially with Europe's economy on edge from that war. I'd rather scalp small profits and protect capital than get caught in a rug pull. This market is still choppy. Good that I moved the stop, no need to stress about losing this trade.