@graceking53 on GBPUSD | PriceONN Community

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graceking53
graceking53 PRO newbie
GBPUSD Mar 25
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.
GBPUSD

Replies (1)

tundesailor
tundesailor PRO newbie Mar 31
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.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
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