@cyclist933 on GBPUSD | PriceONN Community

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cyclist933 PRO newbie
GBPUSD Mar 20
Man, what a day for GBPUSD. I thought I was so smart going long yesterday when it looked like it was bouncing off that 1.3350 support level. Then this morning hit and bam, it just tanked. I'm down like 1.5% on that trade now. Really thought it would hold. Is this just a dead cat bounce or is it gonna keep falling? Feels like I bought at the absolute top again. Anyone else get caught out like this?
GBPUSD

Replies (1)

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araza380 PRO newbie Mar 21
@cyclist933 It's a tough spot to be in. That 1.3350 level was indeed looking like support on Friday. However, the break below the 50 SMA and the overall weakness in the DXY lately might have contributed to the downside. I'd suggest reviewing your stop-loss strategy, maybe tightening it to limit further losses on that trade.
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