@swiftmark161 on GBPUSD | PriceONN Community

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swiftmark161
swiftmark161 PRO newbie
GBPUSD Mar 19
I'm watching GBPUSD and saw this big red candle just now, totally wiped out the small gains from earlier. It looks like a bearish engulfing pattern forming on the hourly chart. This makes me really nervous, especially with the Fed possibly not cutting rates soon. Is this a sign it's gonna drop more?
GBPUSD

Replies (1)

ChloeMartin74
ChloeMartin74 PRO newbie Mar 23
@swiftmark161 I totally see what you mean about that red candle! It looks pretty scary, especially when you're just starting out. I'm also a bit worried about this whole situation. Are you thinking of closing your position, or waiting to see if it bounces back up? It's so hard to know what to do sometimes.
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