@llewis800 on GBPUSD | PriceONN Community
L
Took a small loss on GBPUSD earlier. Went long near 1.3340 expecting a bounce off the S1 pivot, but it just kept grinding lower. SL hit at 1.3325. Market's pretty quiet though, so might just have been bad timing or thin liquidity. Back to the drawing board for now.
Replies
Hey @llewis800, yeah that feels rough. Sometimes the market just doesn't give you the bounce you expect, especially with how choppy things can be on GBPUSD. Hope you didn't take too big a hit.
W
For me, the general uncertainty around the global economy and the mixed signals are making it tough to commit to anything substantial. I'm leaning towards a bearish view for now, just because the dollar seems to be finding some footing despite the bad news, and that's usually not great for cable. I'm thinking of putting on a small short myself, but I'm also tired and just watching the screen. Maybe it's time to call it a night soon, but I don't want to miss a potential move.