@emilyjones54 on GBPUSD | PriceONN Community

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emilyjones54 PRO newbie
GBPUSD Apr 29
This choppy action on GBPUSD feels like a classic bear trap setup. Price is grinding down, everyone's getting bearish, but the lack of volume suggests nobody's actually selling with conviction. I'd be watching for a sharp spike upwards if it breaks above the 1.3500 resistance zone. Could be a good entry for a quick scalp higher.
GBPUSD

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emilyjones54 PRO newbie Apr 29
Actually, thinking more about that bear trap idea... if this low liquidity session is hiding some big players positioning themselves, then a sudden move lower could be the fakeout. Imagine if institutions are quietly accumulating as everyone else is just getting bored or spooked by the price action. That quiet period before a big move is always the most dangerous. I'm definitely keeping an eye on that 1.3450 level, could be where the real fun starts if it gets tested with any sort of volume.
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