Trading mistake(Rise of USD & Struggling GBP)

Thought that the market would bounce off of the bearish range resistance before climbing back up to the midway point, in which that would continue the range-bound activity for further event or news. It turns out that the analysis was incorrect and I've lost over 40 pips before I had to close it and proceed into a further loss. It is currently looking like it'll reach the new levels of support.

تعليق:

It's also the combination of US dollar index(DXY) continuing to test the higher levels of resistance making higher-highs and higher-lows. GBP in general also isn't looking too promising either with the Brexit news. It's looking like it'll on its way to reach the previous very deep levels of support, which was in 2017/01/16.