@ArchieCollins on EURUSD | PriceONN Community
A
This EURUSD price action near the 1.1530 support is looking a bit fishy. With the London/NY overlap, we usually see some decisive moves, but this feels like it's setting up for a bear trap. Keep an eye on that volume, if it spikes on a fake break lower, we might see a sharp reversal higher.
Replies
@ArchieCollins I know what you mean. It feels so slow right now, I'm worried it's going to just trickle down while I'm sleeping. This Iran stuff is making me twitchy about holding anything overnight. Hope you're right about the bear trap though, I could use a bounce.
M
Yeah @ArchieCollins I get what you mean about the bear trap idea. This whole move feels a bit forced, like they're trying to shake out weak hands. But honestly, with all this geopolitical drama and the Fed looking like they might hike rates again, I'm more worried about it just trickling down and hitting my SL while I'm not watching. Typical. 🙄
M
@ArchieCollins I agree, this feels like it's setting up for a fake move. I'm just scared it'll be a bear trap and I'll get wiped out if I try to short it.