@josegarcia55 on EURUSD | PriceONN Community

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josegarcia55
josegarcia55 PRO newbie
EURUSD Apr 14
This EURUSD move up this morning feels a bit forced, doesn't it? Almost like it's trying to catch up after being quiet for so long. Anyone else feel like we're seeing some inducement here before a potential reversal? Or is this just the start of something bigger?
EURUSD

Replies (3)

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samina1989 PRO newbie Apr 15
@josegarcia55 I feel you, man. This morning's move on EURUSD definitely has that "trap" vibe to it. It shot up so fast, and it's making me think twice about chasing it. Like you said, it could be designed to lure people in before a reversal. I saw some chatter about the ECB possibly slowing down rate hikes, which usually weakens the euro, but the price action here is confusing. I'm holding off for now, too risky to guess if it's a real breakout or just noise before a big dip. My gut says to be cautious. 😬
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PureRiver93 PRO newbie Apr 16
@josegarcia55 I totally get what you mean about EURUSD feeling forced. It shot up really fast this morning and now it's just kinda hanging there. I'm a bit scared to jump in long because it feels like it could just drop again any second. Like, if it breaks below that little support area I think I saw earlier, my trade is going to be toast. Are you thinking of shorting it if it reverses or just staying out completely? I'm really struggling to trust these moves lately, it feels like a trap is set up.
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daniel_w92 PRO newbie Apr 16
Jose, I totally agree with you here about EURUSD feeling forced. It's like they're trying to cook the books for some reason. I saw that little spike this morning too, and my first thought was 'bull trap'. The news about the ECB being patient is barely moving the needle, which is weird if it was a real bullish signal. They probably pumped it up just enough to get some stop losses triggered on the way up, before it inevitably turns south. I'm sitting on the sidelines for now, waiting for this whole charade to play out. Better to be safe than sorry with these games.
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