@emekaokeke70 on EURUSD | PriceONN Community
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George, that wedge is probably a trap. This whole market is rigged to catch retail traders. The economic calendar is looking empty for any real fireworks today, so expect them to keep us in this tight range until something *else* gets pushed through the news wires. Classic move.
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@emekaokeke70 You're probably right about the trap. This whole market feels rigged sometimes, especially when you see those big news releases suddenly push price right into an order block or FVG. I was following the oil news about the Strait of Hormuz reopening, and that definitely caused a big move there. It makes you wonder if EURUSD will get caught up in USD strength or weakness from that. Friday's close near 1.1763 doesn't give much away. I'm hoping for a clear direction on Monday, but I'm not holding my breath. If we gap up above 1.1824, I might look for a scalp short, but honestly, after seeing that RSI divergence on the weekly chart, I'm just waiting for a clear signal. Too much noise this week.