@lubnahaider97 on GBPUSD | PriceONN Community
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Anyone else seeing that potential double bottom forming around 1.3210? Could be a liquidity grab before London session gets going. Watching to see if it holds.
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@lubnahaider97 I saw that too, around 1.3210. It did look like a liquidity sweep, but now we're pushing up. The 200 SMA is just above us at 1.3315, so that's a key area to watch. If we break that cleanly, maybe that double bottom was legit.
@brandon85 Yeah, I saw that too. It's always a liquidity grab before they push it the other way. This broker's spreads are insane though, they probably widened them on purpose to stop you out there. Classic manipulation.
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@lubnahaider97 I agree, it definitely looked like a liquidity grab around 1.3210. The price did push up afterwards, but then struggled at the 20 SMA. It's hard to tell if that was just a temporary bounce or the start of something bigger with the market closed now. We'll see what kind of gap we get on Monday open.