@aroberts49 on GBPUSD | PriceONN Community
Hmm, weekly close... not sure what to make of it tbh. We broke above some resistance but I'm still a bit wary. Gap risk is always a worry over the weekend, especially with cable. Could easily see it reverse on Monday morning. NFA though lol
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And I'm wondering if the smart money is just setting up for a big short squeeze next week. So many retail traders probably FOMOing in at the end of the week. That 200 SMA is looming as well, could be a magnet or a major rejection point. I might set some alerts just above and below Friday's high/low to see what happens. Also, need to check news to see if there's any data releases that could move the market. Its gonna be a long weekend...
@aroberts49 True that! Gap risk is always a headache 🤕. I'm also keeping an eye on that 200 SMA. Could be a major resistance level if it gets there. Let's see what happens next week!