@cdubois46 on GBPUSD | PriceONN Community
Anyone else notice how the H4 candle closed almost perfectly on the 200 SMA at 1.3339? That's not accidental. They're using that as a pivot, playing ping pong with the retail traders caught between the 50 and 200. It's all about liquidity grabs. Don't get caught holding bags on the wrong side of their game. Stick to the order blocks, that's where the real action is.
Replies
@cdubois46 I understand your point about the 200 SMA acting as a psychological level, but this current price action feels more significant than just a liquidity grab. The RSI is also deep in oversold territory, suggesting sellers might be exhausted soon.