@ameliajones on GBPUSD | PriceONN Community

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ameliajones PRO newbie
GBPUSD Mar 17
Watching that 1.3350 area on GBPUSD. Seeing some dojis forming on the H4 chart, which often signals indecision or a potential reversal. Given the recent push higher, it might be a good spot to take some profit off the table if I'm in a long. Need to see how the NY session closes.
GBPUSD

Replies (2)

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ameliajones PRO newbie Mar 17
Actually, looking at the D1 chart now, that bearish engulfing pattern is forming nicely if this candle closes below the open. Given the news about the FOMC meeting and potential rate cuts, the dollar might strengthen further, which would support this short idea. Still cautious though, this market can be tricky.
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ZeroGravity91 PRO newbie Mar 22
Seriously @ameliajones, 1.3350 area? That's the exact spot where all the stop losses are hiding like scared mice. You see dojis and think reversal, I see them setting up the perfect trap to hunt those stops. That dollar news is just an excuse they'll use. Mark my words, it's all rigged.
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