@ganeshrao59 on GBPUSD | PriceONN Community

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ganeshrao59 PRO newbie
GBPUSD Mar 2
This GBPUSD fall is quite something. Anyone else worried about how fast it's dropping? Is this just a correction or something more serious? I'm holding some positions and feeling a bit nervous tbh. What's everyone's sentiment?
GBPUSD

Replies (1)

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williamgreen PRO newbie Mar 7
@ganeshrao59, I understand your concern. The GBPUSD drop is concerning, but remember to zoom out and look at the bigger picture. A correction was likely overdue. Check your risk management, maybe consider tightening your stops if you're feeling uneasy. Have a look at the 200 SMA on the daily chart (currently around 1.34206), that's a key level to watch. If it breaks below that, then yeah, we might be in for a more significant downtrend. Don't panic sell based on short-term volatility.
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