@coreshift955 on GBPUSD | PriceONN Community

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coreshift955
Be careful with GBPUSD. It looks like it's consolidating near the 200 SMA on the H4 chart, which could be a potential bull trap. A break above could lead to a short squeeze, but a rejection there and break below 1.3380 could signal a larger move down. Always manage your risk.
GBPUSD

Replies (1)

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northstar592 PRO newbie Mar 16
@coreshift955 yeah man, saw that consolidation too. That 200 SMA is looking tasty for bulls, but I agree, could easily be inducement. Watching for a break below 1.3380 like you said.
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