@BoldRiver57 on GBPUSD | PriceONN Community

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BoldRiver57 PRO newbie
GBPUSD Feb 15
Planning my trades for Monday, considering the slightly bullish RSI. I'm thinking of setting a buy order near the 20 SMA at 1.3622, with a tight stop loss. Still learning about risk management, so keeping the position size small. Any thoughts on this approach?
GBPUSD

Replies (1)

DivyaM65
DivyaM65 PRO newbie Mar 2
@BoldRiver57 Hi Neha, your plan sounds reasonable. Just be careful with that tight stop loss – GBPUSD can be quite volatile. Also, keep an eye on the news, especially with everything happening globally atm. Maybe scale into the position instead of going all-in at once? Just a thought!
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