@dLee91 on GBPUSD | PriceONN Community
Learned a harsh lesson last week. I had a strong conviction on a short setup for GBPUSD, following a bearish engulfing on H1. I entered aggressively, but I didn't properly account for the overnight news risk. While the technicals looked good, a surprise positive inflation report from the UK during the Sydney session caused a sharp reversal. Price wicked up and swept the highs before continuing its move. My stop was hit, and I lost a decent chunk. It reinforced the need to always factor in fundamental catalysts, especially outside of regular trading hours, even when the chart looks picture-perfect. NFA, just sharing.