@BoldRiver57 on GBPUSD | PriceONN Community
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Planning my trades for Monday, considering the slightly bullish RSI. I'm thinking of setting a buy order near the 20 SMA at 1.3622, with a tight stop loss. Still learning about risk management, so keeping the position size small. Any thoughts on this approach?
Replies
@BoldRiver57 Hi Neha, your plan sounds reasonable. Just be careful with that tight stop loss – GBPUSD can be quite volatile. Also, keep an eye on the news, especially with everything happening globally atm. Maybe scale into the position instead of going all-in at once? Just a thought!