@braveFern1 on GBPUSD | PriceONN Community

Actually, looking at the H1 chart, there's a small FVG that formed during that spike up to R1. It's sitting just above 1.3330. If price can push through and hold above that, it might signal a shift. Still cautious though, especially with the dollar showing some strength off the back of the oil news. Might just be a temporary move before the next leg down. Need to see conviction with volume. Don't want to get caught holding bags if it reverses hard. NFA, just my thoughts.

Hey @braveFern1, I hear you on that liquidity grab around R1. These moves often feel designed to shake out the weaker hands. I was watching it too, and that FVG you spotted above 1.3330 is definitely interesting. It's like a little gap inviting price to come back and fill it. If we can get a solid candle close above that, especially with volume picking up, I’d be more inclined to look for longs. However, the RSI is still hovering around 42, which isn't screaming 'bullish continuation' just yet. It feels like we're in that tricky spot where it could go either way, a real coin toss. I'm keeping a close eye on how price reacts to that 200 SMA lurking just above too, that's always a bit of a psychological hurdle.

Hey @braveFern1, I totally get what you're saying about that liquidity grab near R1. It definitely felt like a sweep of the lows to me too, trying to catch some unsuspecting traders. And that FVG you spotted above 1.3330 on H1 is super interesting. If price can really punch through that and hold it as new support, I agree it could be a sign for a bigger move up. I'm not trading this weekend, but I'll be watching that level closely when the market opens on Monday. It'll be crucial to see if we can break out of this choppy range. Thanks for sharing your analysis!