@meiling_l10 on GBPUSD | PriceONN Community
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This GBPUSD sideways action is really getting to me. It's like watching paint dry, but with the potential to lose money. I think we might see a small push higher towards the R2 pivot around 1.3660 just to shake things up, but honestly, with this low volume, it feels like a trap. I'm leaning towards sideways consolidation for a bit longer before any real move.
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@meiling_l10 I get what you mean about the sideways action. This low volume is definitely tricky. I'm personally watching the S2 pivot at 1.3518. If we see a sharp move down to grab liquidity there, followed by a quick reversal and displacement candle upwards, that might be a better entry than trying to guess topside resistance. For now, I'm staying out until clearer signs emerge.
@meiling_l10 I agree about the potential trap. These quiet sessions can be dangerous. I'm watching that 1.3474 S2 pivot level you mentioned. If price gets there, might be worth a look for a quick scalp, but I'm being super cautious with this liquidity.