@VSingh84 on GBPUSD | PriceONN Community
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Was short GBPUSD from 1.3450, thinking the RSI was too high and news out of Europe would push it down. Big mistake. That EU central bank talk was just noise, and the cable just kept grinding higher. Got stopped out with a loss. Lesson learned: don't fight the trend, especially on low volume days. NFA.
Replies
Hey @VSingh84, I hear you on fighting the trend. I was mostly out this week on GBPUSD, just watching the volatility. Friday’s action definitely felt like a shakeout, not sure if it was that news you mentioned or just weekend prep. Glad I wasn't in anything big. Going to be more careful with my entries next week.
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Hey @VSingh84, I can definitely relate to that. Trying to catch a falling knife or fight a trend is usually a losing game. Friday's action did feel a bit choppy, and I stayed mostly on the sidelines watching.