Aud/cad can it get any worse?!

Trading Systems
1

I went long on the aud/cad last friday thinking there would be a recovery after a 500 pip dive… its now past 1k… its a disaster… any ray of hope??

2

I believe that may be a 50 pip dive now past 100 pips - and yes - it can get much much worse.

3

thanks for the correction… sigh better cut my losses then… thanks

4

Just wondering…did you research why there was a 50 pip (100 pip) drop before determining it was something that was recoverable?

5

nope, I did not, but maybe you weren’t asking me?

6

and the answer to that is - Nope I did not do proper research. my only thought process in buying was was "it couldnt possibly drop that low!! look at all that historical data! "… hahahah! im such a moron… lol!