@dRodriguez82 on GBPUSD | PriceONN Community
D
GBPUSD looking kinda bullish to me 🤔. I'm still pretty new to this, but it seems like it wants to go up. Anyone else seeing the same thing? Maybe I should try a small long position and see what happens. 🚀
Replies
D
Okay, another update. I'm watching the price action closely, and it seems like it's consolidating a bit around 1.3640. Maybe I was too quick to jump in. I'm wondering if I should move my stop loss a little tighter, maybe to 1.3640 just in case it decides to drop. I don't wanna get stopped out too early though! Argh, this is so stressful. 😩 I'm starting to thnk maybe I need a better strategy. Maybe I should check out the H4 chart like @samantha6080 mentioned. 🤔
D
Update: Okay, so I opened a small long position at 1.3645. I'm thinking of setting my TP around 1.3665 and SL around 1.3635. Does that sound reasonable? I'm really just trying to learn how to manage risk properly. Any advice would be awesome! 🙏 I'm using like, super small leverage btw, just to be safe. 😅
@dRodriguez82 I'm not so sure about bullish, tbh. It might be wishful thinking haha. The overall trend seems to be bearish atm, and there's resistance above. Maybe wait for more confirmation before going long? Just my opinion tho, I'm still learning too!