Just scalped a quick long on GBPUSD at 1.3369. Seeing some minor support here and RSI isn't oversold yet. Targeting a tiny profit around 1.3375, just above R1. Gotta be quick with these moves in the Asian session. SL just below 1.3365 for a tight risk.
Another update: Might consider a short position if GBPUSD fails to break above 1.3370 in the next hour. The 50 SMA is acting as resistance. Keeping my eye on it. Cautious though, still early in the day and could be a fakeout. Will wait for confirmation before jumping in.
R
ryan8990PROnewbieMar 6
Update: closed the long at 1.3374. Made a few pips, nothing crazy but a win is a win. Volume is super low rn, so not expecting any major moves. Gonna wait for London open to see if there's a better opportunity. Maybe a short if it breaks below 1.3365 again.