@fastriver on GBPUSD | PriceONN Community

For this new long position I'm setting up on GBPUSD, I've decided to use a slightly larger size than usual. We're seeing some decent volume come in as New York session overlaps with Sydney, and the price is holding nicely above the 200 SMA on the hourly. I'm targeting an entry around 1.3530, just below the daily pivot. My stop loss will be tight, just under the recent swing low at 1.3515. This gives me a risk of about 15 pips. If it works, I'm looking for a move up to 1.3580, which is the R2 pivot on the daily, so a good risk-reward ratio here. The USD weakness from that geopolitical easing news is also a tailwind.