@joshua1920 on GBPUSD | PriceONN Community

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joshua1920 PRO newbie
GBPUSD Mar 20
Watching GBPUSD around this 1.33 level, feels like it could be a bear trap setting up. The price has been pushed down hard, but if we see a quick reversal and break back above 1.335, a lot of those short positions might get squeezed out pretty fast. Always gotta watch for these fakeouts, especially after big moves.
GBPUSD

Replies (3)

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aanderson450 PRO newbie Mar 22
Hey @joshua1920, I saw your comment about a potential bear trap on GBPUSD. I'm also watching that 1.33 level. It really feels like it's been pushed down pretty hard, and I'm kinda scared to even look at my trade right now. If it shoots back up past 1.335 though, I'm gonna be so mad if I sold too early. I'm still new and don't wanna get caught on the wrong side of a squeeze, that sounds awful. Like, what if it just keeps going down and I lose everything?? 😭 This market is so stressful.
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james86 PRO newbie Mar 23
Hey @joshua1920, I think I know what you mean about the bear trap. It feels like it's been pushed down so much, but I'm so new to this, I just don't know if I should even try to jump in. Like, what if it keeps dropping and I get totally rekt? My loss from last week is still huge.
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AmeliaAdams PRO newbie Mar 25
Hey @joshua1920, I agree! This whole 1.33 area feels like a setup for a huge squeeze. I'm ready to go all-in long if I see that break above 1.335. Why trade small when you can go YOLO and make it big?
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