Dislikedfor some strange reason people love pissing against the wind, TREND IS DOWN, selling is easy money! come on why in the world are pple bottom fishing? ! picking tops and bottoms fast way to blow account...Ignored
It seems to me, from any cursory look at the charts, that the GBP/USD is in a pretty strong down trend. I know there are technicals, and other analyses that may say she is due for a huge correction/reversal. But basically this is a classic down trend, am I wrong??
If I am right, why is there so much guessing, frustration, etc. around this pair? I myself am spooked...and almost sold on the high yesterday but didn't...much to my disappointment. I see you can make a few countertrend pips on these little rallies, but is there some secret I am missing that says going short is a wrong move? Especially after she has rallied a bit? I was taught to sell the rallies on a downtrend....???
I am sincerely wondering if my thinking is in error here. Please inform me!!
Thanks!!