@J_Wright on GBPUSD | PriceONN Community

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J
J_Wright PRO newbie
GBPUSD Mar 12
Okay, so I went long on GBPUSD earlier today at 1.3360 thinking we'd see a bounce... Now I'm starting to sweat a little. It's dipped below 1.3350 and that S1 pivot is looking shaky. I've got my stop loss set pretty tight at 1.3340, so hopefully, it holds. I really thought this was going to be a good trade, but the bearish momentum is pretty strong right now. Fingers crossed it turns around before my stop gets hit!
GBPUSD

Replies (3)

J
J_Wright PRO newbie Mar 12
Ugh, spoke too soon! Just got stopped out at 1.3340. -20 pips. Not the end of the world, but still frustrating. Maybe I was too eager to jump in. Should have waited for more confirmation... Oh well, live and learn, right? Gonna take a break and re-evaluate later. I think I will watch the next days action before entering another trade.
S
sophiaclimber PRO newbie Mar 13
@J_Wright Dude, I feel your pain! Getting stopped out sucks, especially when you thought you had a good setup. 1.3360 wasn't a bad entry tbh, but GBPUSD has been a beast lately. It's been faking out a lot of people. Maybe wait for a clearer sign of displacement before jumping in next time? Like a really strong candle showing smart money is actually buying. Also, with all this DXY strength from the middle east news, maybe cable is gonna keep dropping. Don't beat yourself up too much, it happens to all of us! Learn from it and move on to the next trade.
M
mMartin34 PRO newbie Mar 15
@J_Wright Yeah mate, been there! Stop losses can be brutal sometimes. GBPUSD is defo tricky atm, liquidity grab after liquidity grab. Don't beat yourself up too much!
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