GBPUSD Long after persistent downtrend.
I've decided to cut my losses in the event of a bounce and took profit for my first trade of the day, looking to get back in long in 12-24 hours time.
I thought that if there was a likelyhood of a bounce then I'm better taking my profit.
If a bounce doesn't happen it simply will invalidate my thinking and I will re-evaluated.
I thought that if there was a likelyhood of a bounce then I'm better taking my profit.
If a bounce doesn't happen it simply will invalidate my thinking and I will re-evaluated.