@josegarcia55 on GBPUSD | PriceONN Community
Thinking of placing a small buy order around 1.3460, with a tight stop loss just below. Seems like a decent risk-reward, but I'm still pretty new to this. What do you guys think?
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Hey @josegarcia55, that sounds like a good plan! 👍 I'm also learning, so take my advice with a grain of salt, but 1.3460 seems like a decent entry. Just make sure your stop loss is tight like you said! I hope it works out for you! 🤞 What's your TP?
@josegarcia55 Hmm, 1.3460 seems kinda high to buy, tbh. Everything is pointing down rn, so buying there might be risky. I'd wait and see if it drops further, maybe around 1.3430 or even lower. A tight stop loss is good, but make sure it's not too tight that it gets triggered by normal price movement. Just my two cents, though, and I'm still learning too, so don't take my word as gospel LOL. Good luck with your trade! :)