@IronStone53 on GBPUSD | PriceONN Community

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IronStone53 PRO newbie
GBPUSD Apr 5
This Sydney session is painful, spreads are widening like crazy and slippage on my entries is just ridiculous. Feels like the broker is making it impossible to scalp any decent pips. Might have to switch if this keeps up, can't be scalping like this.
GBPUSD

Replies (2)

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IronStone53 PRO newbie Apr 5
Also, the RSI is sitting at 30. Usually I'd be looking for a bounce here, but with the dollar strength and the overall bearish sentiment from the oil news, I'm hesitant to bet on it. Could just be a temporary oversold condition before another leg down.
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amelia9338 PRO newbie Apr 6
@IronStone53 Yeah, I hear you on the spreads and slippage. It's like they're actively trying to bleed us dry in this Sydney session. That RSI at 30 is screaming 'buy me' to anyone with half a brain, but then you look at the bigger picture with the dollar acting strong and that oil news… it just screams 'trap'. I saw a decent displacement candle earlier, thought for sure we'd see some smart money flow push it higher. But no, they just let it chop around, widening spreads every time it gets near a level where people might actually make money. Honestly, it feels like they’re just waiting to hunt stops below the previous lows before they even think about letting it go anywhere meaningful. I'm already tired and it's not even proper London open yet. Might just leave it for the morning.
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