I have seen a SELL in GBPUSD. If I am true I will lose my deposit. Because Please tell me if I am right or wrong after seen these screenshots. What is your suggestion? If I stay without doing anything and if the market keeps selling I will lose the deposit.

I have 9 open trades. Now it's -209 USD. and keep losing.

I am using Forex Kingle EA. And all those trades are from that EA.

and I see that whenever open new trades the TP line is getting close but the bounce back in the trendline is not high enough to touch the TP

If I open a SELL trade. I will reduce the drawdown, right?

Do you think it is a good idea?

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British Pound/ U.S. Dollar 4h FXCM 01.21193 H1.21266 L1.20992 C1.20999 -0.00194 (-0.16%) MACD -0.00071 -0.00496 -0.00425 9 Trend Analysis 16 Harmonic Patterns 23 Apr 13 20 May 11 18 7 151 3 2 Chubier 0 L 25 ть W Jun W 1.34000 - 1.32000 -1.30000 - 1.28000 1.26000 1.24000 - 1.22300 1.21714 1.21573 - 1.20999 - 1.19979 1.16900 1.17000 1.15500 1.14146 1.14052 - 1.12700 0.02000 -0.00000 -0.02000 751 British Pound/ U.S. Dollar 4h FXCM 01.21193 H1.21266 L1.20992 C1.20999 -0.00194 (-0.16%) MACD -0.00071 -0.00496 -0.00425 9 Trend Analysis 16 Harmonic Patterns 23 Apr 13 20 May 11 18 7 151 3 2 Chubier 0 L 25 ть W Jun W 1.34000 - 1.32000 -1.30000 - 1.28000 1.26000 1.24000 - 1.22300 1.21714 1.21573 - 1.20999 - 1.19979 1.16900 1.17000 1.15500 1.14146 1.14052 - 1.12700 0.02000 -0.00000 -0.02000 751

Answer rating: 100% (QA)

Firstly trading based solely on screenshots without a thorough understanding of the market condition... View the full answer