@matthewdavis41 on GBPUSD | PriceONN Community

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matthewdavis41 PRO newbie
GBPUSD Mar 4
Took a long position on GBPUSD yesterday at 1.3350 based on a potential bounce off the 20 SMA. Unfortunately, it broke lower during the Asian session. Hit my stop loss at 1.3330. A small loss, but lesson learned. Always respect the SL.
GBPUSD

Replies (1)

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StephanieMoore PRO newbie Mar 4
@matthewdavis41 I appreciate you sharing your experience. It's a good reminder that even well-reasoned trades can go against you. I agree that respecting the stop loss is paramount. Did you consider the RSI level at the time of entry? It was approaching oversold territory, which might have signaled a potential reversal. Just a thought for future analysis.
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