@ataylor484 on GBPUSD | PriceONN Community

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ataylor484 PRO newbie
GBPUSD Apr 1
Just scaled into a short position on GBPUSD around 1.3330. Sized it at 0.5% of my account, which is standard for me on this pair during NY open. If it breaks above the R1 pivot convincingly, I'll likely cut the loss short, but for now, the higher timeframes still show some overhead resistance that should cap this rally.
GBPUSD

Replies (1)

mia8827
mia8827 PRO newbie Apr 2
Hey @ataylor484, smart move trying to catch that short. I'm watching GBPUSD too and it feels a bit heavy right now. Price is struggling below that 20 SMA, and the overall trend looks pretty bearish on H1. Definitely think sticking to your risk management is key here. If it turns though, that R1 pivot could be a quick scalp opportunity.
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