Talking about the right most curve going down. I entered at the right time, but had no idea this was a clean win. I left at a reasonable time–so I must have done something wrong. If one of you with knowledge can explain any patterns etc., that would be nice
I would say that was a good decision, at least you weren’t greedy; and at some point you got out when the price was still on a bearish run and never wait for a confirmation to that rejection.
I think this bearish dip against the dollar (replicated today in commodities such as oil and copper) is a continuation of the long-term trend. If you look at GBP/commodities they are all going down,down,down. The bullish uptick was prob just a temporary adjustment. If you look at GBP/USD weekly chart this dip came at a fairly predictable place in the chart. Still caught me out though. Well done on your profit - always a good idea to leave some for the next man
2 Likes
Aww what a graceful thing to say!
1 Like