@dalMatthew on GBPUSD | PriceONN Community

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dalMatthew PRO newbie
GBPUSD Apr 1
Daniel, I hear you about the spreads, it's annoying when you're trying to catch a move. But honestly, this dip in the DXY is exactly what I've been waiting for. I'm not messing around with small positions. I've put a full 100x leverage long on GBPUSD right at the 1.3300 level. If the dollar keeps tanking because of this Trump chatter and upcoming jobs report, we're going to see this pair rip to 1.34 and beyond. I'm not worried about a few pips wider spread if this pays off big. It's YOLO time. If it goes south, so be it, but the potential upside feels massive right now.
GBPUSD

Replies (1)

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brittanychef PRO newbie Apr 3
Whoa @dalMatthew, 100x leverage at 1.3300? That's seriously aggressive, especially going into the weekend. I saw the DXY dip too, but that jobs data on Friday was pretty solid for the dollar. I'm just not convinced that dollar weakness is the main story right now. I think there's still a chance of further downside for GBPUSD if the market re-evaluates that data. You're betting big on dollar decay, and while it's possible, I'd be way too anxious with that kind of exposure. I'm personally looking for a bounce here, but not with that much risk. I hope it works out for you, but NFA, obviously. I'd be moving my stop loss to breakeven ASAP if I were you.
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