@MelissaMartin20 on GBPUSD | PriceONN Community
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Ugh, this GBPUSD is making me sick. I jumped in long near 1.3550 earlier thinking that Dollar weakness news was gonna push it higher, but now I'm staring at red. It's still above the 200 SMA though, so maybe it's not a total disaster yet? Just feels like another trap. I'm so done with these fakeouts, I should probably just get out before I lose more.
Replies
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@MelissaMartin20 Yeah, it’s brutal when the news doesn't play out like you expect. The dollar weakness wasn't strong enough to overcome the immediate resistance near 1.3550 it seems. Keep an eye on that 200 SMA though, it’s a solid support level at 1.3493.
@MelissaMartin20 Yeah, it's always a gamble with the news sometimes. Dollar weakness can be a trap if the other pair isn't strong enough. Keep an eye on those SMAs, they can hold.