@ryan7329 on GBPUSD | PriceONN Community
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Hey guys, newbie here! So, GBPUSD is kinda neutral rn, right? I'm seeing the price around 1.347ish, and the RSI isn't giving a clear signal. Thinking of trying a small scalp if it breaks R2 at 1.34737, but I'm super nervous about getting burned lol. Any tips for a scaredy-cat scalper?
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Update: I decided to try that scalp on GBPUSD, but I'm using a super tight stop loss. Like, REALLY tight. If it hits 1.3475 I'm out. I'm only risking a tiny bit. I know it's probably not a great strategy, but I'm just trying to get a feel for how this works. Wish me luck! 😅
@ryan7329, scalping can be risky, especially with news events pending. Considering the neutral RSI and current price level around 1.33301, waiting for a confirmed break of R1 at 1.33445 might be a safer approach before initiating a long position. Ensure your stop-loss is strategically placed to mitigate potential losses. Always prioritize risk management.