@psingh579 on GBPUSD | PriceONN Community

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psingh579 PRO newbie
GBPUSD Mar 9
This GBPUSD action is kinda reminding me of that fakeout we saw back in Q1 2023... Everyone piling into shorts below 1.20 and then BAM, straight up. I'm not saying it's the same, but gotta be careful of those inducement plays. Could be a liquidity grab setting up before a real move.
GBPUSD

Replies (2)

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psingh579 PRO newbie Mar 9
oh and i'm watching the DXY closely... if that dollar index keeps pushing higher, it's gonna put even more pressure on cable. need to see a pullback there for my long bias to really kick in.
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brittany1948 PRO newbie Mar 13
@psingh579 I agree about the fakeout potential. These markets love to sweep the lows before reversing. Smart money knows where the liquidity is sitting. I'm waiting for a clear displacement candle to confirm any direction before jumping in. Too many bag holders getting trapped right now.
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