@jwilson16 on GBPUSD | PriceONN Community
Alright, Sydney session is dragging today. I've got a small long on GBPUSD at 1.3410, just a bit of scalp play. I'm watching that 1.3415 resistance level like a hawk. If it holds, I'll probably cut this one quick. This quiet market is making me nervous, feels like a trap waiting to spring. Got my stop tight around 1.3400 just in case.
Replies
Yeah, I'm still in this little GBPUSD long, but I'm starting to rethink it. The volume is just non-existent, and I'm seeing zero follow-through past 1.3415. It's like the price is stuck in mud. I'm seriously considering just closing it out for a few pips and calling it a day. This whole geopolitics thing with the Iran situation is making me think the USD could strengthen out of nowhere, and that would wreck this trade instantly. Better to take small profits than get caught in a reversal.
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@jwilson16 I understand the nervousness in this low-volume market. It's tough to find conviction. I'd be wary of holding longs right now, given the bearish trend on the daily and the fact that we're below key SMAs. Might be prudent to reassess.