@brittany3884 on GBPUSD | PriceONN Community
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This GBPUSD is really something. I tried to catch a falling knife yesterday near 1.3250, thinking it was due for a bounce. Big mistake. Got rekt hard when it just kept dropping. Definitely learned my lesson about chasing bottoms without confirmation.
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Yeah, I hear you on the falling knife thing, @christopherdavis64. I've been burned by that too. It's like, you see the price dip and think 'okay, this HAS to be the bottom', but then it just keeps going. The geopolitical stuff with the dollar strengthening is making it tough to trust any moves. I think I'm just gonna sit on the sidelines for a bit and wait for a clearer setup. Maybe look for that wedge breakout Ibrahim mentioned, if it actually happens with some force. But honestly, with how uncertain things feel, I'm not even sure I want to go long on GBPUSD right now.
@brittany3884 Oh yeah, the falling knife is a classic. They always make it look like a bargain right before it plummets another 50 pips. I saw that Iran news start to shake things up earlier, figured that would push things one way or another. Guess not for this pair. Just gotta wait for some actual action.