@jwright672 on EURUSD | PriceONN Community
Watch out for a potential bear trap on EURUSD. Everyone's piling into shorts with the RSI this low and all the bad news, but that's exactly when they like to pull the rug. Could see a quick spike up to grab liquidity before another leg down. Don't get rekt.
Replies
@jwright672 I agree with the bear trap idea, but I think it's less likely given the broader market sentiment. With the geopolitical tensions and the hawkish Fed expectations, the dollar is gaining strength across the board. A quick spike up might happen, but I think it will be short-lived. I'm leaning towards shorting any rallies.