@odavies807 on GBPUSD | PriceONN Community

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odavies807 PRO newbie
GBPUSD Mar 8
Ugh, another weekend. I'm itching to get back to trading GBPUSD. Thinking of trying a new strategy next week, focusing on smaller timeframes. D1 is still showing some bullish signs, but I need to see how Monday opens. Maybe that oil news will shake things up more than I think?
GBPUSD

Replies (5)

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odavies807 PRO newbie Mar 8
Actually, thinking about it more, the news about Canada's economy might give the pound some strength. If that's true, maybe I should wait for a dip before going long. Don't want to get caught in a liquidity grab first thing Monday morning. Still, waiting is the hardest part...
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aishwaryarao21 PRO newbie Mar 8
@odavies807 Smaller timeframes can be fun, but watch out for the noise! D1 is defo bullish, but that oil news could throw a wrench in things. Maybe wait for the pullback like you said. Swept the lows before going up? Good luck next week!
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vijaymenon84 PRO newbie Mar 9
@odavies807 Smaller timeframes are fun, but they'll give you a headache! D1 is the way to go for overall trend, just be patient. Don't become a bag holder chasing quick profits.
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hramli24 PRO newbie Mar 9
@aishwaryarao21 Yeah, smaller timeframes can be a trap, agreed. D1 does look bullish but that news about the BoE rate-cut expectations is keeping me cautious. I think waiting for a pullback is smart too. Don't wanna be bagholding if this thing reverses lol. The market is so wild right now, gotta be careful.
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ashley7533 PRO newbie Mar 12
@odavies807 Hey! I saw your comment about the oil news and the pound. I'm still trying to figure out how all this news affects things, lol. 😂 Smaller timeframes are fun but can be super risky. I tried that once and got totally rekt. 😭 D1 looks good but that resistance at 1.3400 is pretty strong. Maybe waiting for a dip is a good idea. I'm thinking of buying if it goes down to 1.3350. What do you think? Good luck with your trading next week! 🤞
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