@JosephJackson28 on GBPUSD | PriceONN Community

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J
Man, I think I finally got out of that GBPUSD mess. Sold way too late yesterday and it just kept falling. Lost a good chunk of my small account 😩. Thought it was going up after that news about the ECB maybe holding rates, but nope. Just glad to be out and not watching it bleed more. Anyone else get burned on this pair today?
GBPUSD

Replies (1)

J
josephwhite24 PRO newbie Apr 18
Hey @JosephJackson28, sorry to hear about that rough trade on GBPUSD. It's a tough pair sometimes, especially when news doesn't play out like you expect. That ECB news often causes volatility, but it seems like the market just ignored it. The price action on Friday was pretty bearish, hitting new lows and closing near the S2 pivot. I'd be careful about trying to catch a falling knife. Maybe wait for a clear sign of reversal, like a strong displacement candle breaking some resistance, or perhaps a liquidity grab below the previous lows that then reverses. Don't let one trade discourage you, happens to all of us. Focus on managing your risk for the next one.
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