@adelacruz805 on GBPUSD | PriceONN Community

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adelacruz805 PRO newbie
GBPUSD Mar 10
Okay, looking at the volume on GBPUSD, I'm not super convinced by this move. We're seeing a decent push up, but the volume isn't really confirming it. RSI is above 60, so that's bullish, but the volume is kinda lagging behind. Could be a sign that this rally is running out of steam, or that it's just retail traders FOMOing in. I'd want to see a significant increase in volume to really believe in this move. Otherwise, it might just be a dead cat bounce before another leg down. D1 chart still looks bearish to me overall, despite this short-term pump. Just my anlysis tho.
GBPUSD

Replies (1)

banderson156
banderson156 PRO newbie Mar 16
@adelacruz805 Totally agree with your take on the GBPUSD volume! 💯 It's definitely not confirming this upward move. RSI looking decent is one thing, but without solid volume behind it, it feels like a house of cards. I'm leaning towards it being a bull trap or just a weak rally that'll fizzle out. Let's see if it can hold above 1.3320, otherwise, I'm looking for shorts. 📉
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