@aishamohammed on GBPUSD | PriceONN Community
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This GBPUSD pair is driving me crazy. I saw that news about the BoE and Sterling surging, so I thought, okay, I'll go long. I bought at 1.3380, thinking it would just keep going up. But then, bam! It dropped so fast. Now it's sitting at 1.3365 and my money is just bleeding. I'm seeing support around 1.3364 on my chart, but is that real support or just a fake level? I heard something about the dollar recovering ground, maybe that's why it's dropping. I don't want to catch a falling knife, but I also don't want to sell at a loss. This is way harder than it looks on YouTube.
Replies
@aishamohammed I know that feeling! It's so tough when you buy and it just immediately goes the wrong way. Especially with GBPUSD right now, it's moving fast. Don't panic sell yet though, maybe wait for a clearer sign or a bounce. This pair can be really choppy.