@DanielNelson on GBPUSD | PriceONN Community
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Just saw that little spike up on GBPUSD to 1.3360 and back down in seconds! What was that all about? Felt like someone just slammed the brakes on. Anyone else catch that?
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That spike @DanielNelson, yeah I saw it too. Looked like a quick liquidity grab or maybe some algos reacting to news. The 1.3380 resistance is still a key level from the headlines. Price action like that though, gotta be careful not to FOMO in on the retracements. Might see more volatility like that with the London/NY overlap.
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Yeah @DanielNelson, that quick move was weird. It shot up and then just died. I'm already in a long position from earlier, and seeing that kind of volatility makes me a bit nervous. I'm hoping it was just a temporary blip and the bullish momentum continues. I'll keep a close eye on 1.3440.
That quick spike up and then fall, @DanielNelson, was definitely something. Reminded me of how the news about the dollar's safe-haven status potentially fading could cause some algorithmic noise. I'm wondering if that was a test of the 1.3380 resistance mentioned by @manishtiwari43. For next week, I'm still leaning towards a neutral stance until we break cleanly above the 50 SMA or below the S1 pivot at 1.33048.
Hey @DanielNelson, yeah that spike was wild. Looked like someone just swept the lows and then dumped it. I think you're right, it felt like a fakeout. These algos are crazy. I'm not touching it until it breaks that 1.34 resistance cleanly. Too much chop for me right now.