@graceking53 on GBPUSD | PriceONN Community
This dip on GBPUSD feels a bit weird. It looks like it could be a bear trap setting up. Price is testing that lower support area but the volume feels off. Might be some smart money collecting orders before a big move up. Be careful shorting here.
Replies
Hi @graceking53, I get what you're saying about the bear trap. It does look a bit weak for shorts. But honestly, seeing it fall this much is scary! I'm a beginner and seeing the price go down like this makes me want to just close my position and take the loss, even if it's a small one. It's hard to trust the chart when your money is on the line.