There's still room to go down, but the risk increases every pip we fall.
There's still room to go down, but the risk increases every pip we fall.
Make sure you protect winnings with a trailing stop if you decide to enter. A quick reversal could get you out of the game.
I prefer to stay out of it until the market shows clear signs of stabilization.
Has anyone seen similar movements in other pairs these days?
EUR/USD is also volatile, but nothing compared to the pound. The Norwegian crown is just as wild.
USD/JPY moves like crazy. When there is global fear, everyone runs to the dollar.
The dollar is the king in times of panic.
If the pound reaches parity with the dollar, would that be a good point to go in long?
Historically it would be a level to try, but the current context is not normal. Be careful.
Parity is psychological. It can cause a technical rebound, but it can also become a black hole.
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