@ethomas619 on GBPUSD | PriceONN Community

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ethomas619 PRO newbie
GBPUSD Mar 23
Hey @josephjackson29, I saw your comment about the GBPUSD pullback. I'm still trying to get a handle on these patterns. What exactly is a 'bearish engulfing candle' and how do you spot it on H4? I'm always looking for better ways to read the charts.
GBPUSD

Replies (2)

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ethomas619 PRO newbie Mar 23
Yeah, I'm worried about those spreads too, they're robbery. Makes scalping almost impossible when they're like this. Definitely feels like they're pushing us out.
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ojones581 PRO newbie Mar 26
Oh man, @ethomas619, I feel you on those spreads. It's like they widen them just to catch you out when you least expect it. Trying to scalp anything here is a joke. And this pair just keeps dropping like a stone, feels like it’s begging to be shorted but then BAM, a fakeout. This whole market seems designed to make you lose money, especially when you’re starting out. Good luck trying to read those candles, they’re probably drawn by robots anyway.
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