@sarahanderson55 on GBPUSD | PriceONN Community

I decided to take a small long position on GBPUSD at 1.33650, based on the price being above the 50 SMA and the RSI being above 50. My initial stop loss is placed at 1.33500, just below the 20 SMA, and my target is R1 at 1.33973. I'm a bit nervous because the trend is neutral, and I'm not seeing strong confirmation yet. I'm closely monitoring the price action around the pivot point. I may adjust my stop loss to breakeven if it reaches 1.33800 to reduce risk.