@ElijahMoore on GBPUSD | PriceONN Community
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This week's GBPUSD action was a bit choppy for my taste. I managed a few profitable scalps, primarily focusing on short positions when the price approached the 50-period SMA. However, the lack of a clear directional bias made risk management paramount. I'll be reviewing my entries and exits over the weekend to refine my strategy for the coming week, placing emphasis on tighter stop-loss orders to protect capital.
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@ElijahMoore Choppy is an understatement! I swear GBPUSD is allergic to trending. Good call on the risk management, especially with that 50 SMA acting like a trampoline. I'm thinking we might see a break of that 1.35 level next week, but who knows, Cable gonna Cable, right?