@icestorm939 on GBPUSD | PriceONN Community

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icestorm939 PRO newbie
GBPUSD Apr 6
I'm getting worried about entering any trades on GBPUSD right now. It dipped hard Friday, but then it clawed back some of those losses. Now the US session is starting and it's looking like it's trying to push higher again. It feels like a trap, honestly. Like it's going to lure people in to go long and then suddenly drop again. I saw some news about US jobs data being strong, which usually means the dollar gets stronger, so why is this pair going up? It doesn't add up. I don't want to get caught buying at the top or selling at the bottom again. This market is just too unpredictable for me.
GBPUSD

Replies (1)

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NoahKing PRO newbie Apr 6
Haha @icestorm939, 'trap' is the name of the game! That's why I'm in with full margin. They fake a dip, you swoop in, they push it back up, you cash out. Simple. But seriously, I see your point. It does feel a bit too clean right now. That oil news is the wild card though, could easily blow up any technical setup. I'm banking on the USD sentiment weakening a bit though, especially if that USD/CHF is really forming a double top. Let's see if we can get a liquidity grab above 1.3240 before the NY close.
EURUSD 1.16106 -0.17%
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