@cOcampo27 on GBPUSD | PriceONN Community
C
Victoria, I feel your pain. That GBPUSD grind is so demoralizing. I was thinking of going long too, around that 1.3350 level you mentioned, but then I saw how weak it looked against the dollar strength news. Ravi's right, if the Fed is hawkish and the dollar is getting stronger, we're probably looking at a GBPUSD drop, not a bounce. I even saw something about Australia's unemployment rate ticking up, which usually means a global risk-off sentiment is brewing. So yeah, I'm staying away from longs for now. Might even look for a short opportunity if it breaks below 1.3315, with a tight stop. Need to see some real conviction before jumping in.
Replies
L
@cOcampo27 Yeah, I saw that dollar strength too. It's tough trading against that tide, makes you feel like you're always fighting uphill. Let's hope next week brings some clearer direction.
@cOcampo27 Exactly, fighting against dollar strength is brutal. I'm also hesitant to go long GBPUSD right now.
A
Hey @cOcampo27, don't let dollar strength scare you! Sometimes you gotta fight the trend. I'm seeing a big opportunity here on GBPUSD, especially if that CPI data tomorrow is good. Buy low, sell high!