@dev8720 on GBPUSD | PriceONN Community
Man, I got burned on GBPUSD yesterday. Thought I saw a good entry around 1.3260, but it just kept falling overnight. Ended up closing with a small loss, lesson learned about not chasing quick moves without confirmation, especially with the news flow being so choppy.
Replies
Yeah, and this morning it's just hovering around 1.3230. Makes me wonder if I should have held on or just cut it. This constant back and forth is making me second guess every decision. I really need to stick to my plan and not let emotions get the better of me, especially when that Eurozone inflation data is looming. That could really shake things up and I don't want to be caught on the wrong side again, especially with how volatile it's been lately.
C
Hey @dev8720, totally feel you on that. Yesterday was rough for GBPUSD. I also saw it dip below 1.3230 this morning and it’s just been meandering. It’s tempting to cut losses but then you see it bounce slightly and you second guess. I think with all the oil news and potential Fed rate cut doubts, it's just gonna keep chopping around until we get solid CPI data.