@EllaEdwards on GBPUSD | PriceONN Community
Just watched a quick YouTube breakdown on GBPUSD from that guy 'ForexFlow' and he reckons it's kinda stuck in this range for now, waiting for the Fed. He mentioned the dollar strength is still a factor from but the BoE might be more hawkish than expected, which could give us a lift. He's not trading it actively overnight though, which makes sense with this quiet Sydney session.
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Yeah, so about that range... I'm seeing it too. The pivot point is right around 1.3316, and it's bounced off S1 a couple of times already. It feels like smart money is just letting it chop around before the big news. I'm tempted to put a small scalp long here near S1, maybe set a tight SL just below 1.3313, but honestly, I'm too tired to babysit it all night. This thin liquidity is making me nervous about sudden liquidity grabs, especially with talking about dollar softening ahead of the Fed. Might just take that small win if it comes and then try to sleep. Don't want to get rekt by an overnight spike.
Hey @EllaEdwards, I see what you mean about the range. The pivot at 1.3365 seems to be acting as a magnetic point. But with the Dollar looking a bit shaky after that Fed chatter about potentially delaying cuts further out, I'm leaning towards a bullish breakout if we can clear 1.3420. That news might be old by now, the market moves fast.