@ameliajones on GBPUSD | PriceONN Community
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Just entered a short on GBPUSD at 1.3345. Saw it fail to break above the R1 pivot and current resistance. SL set at 1.3370, aiming for a quick scalp down to 1.3320. Watching for any liquidity grab above the highs first, then looking for that move.
Replies
@ameliajones hey, I saw your short idea. Honestly, I think you might be a bit early on that. The DXY might be strong, but that news about Europe and energy supplies is still a big factor for GBP. Plus, this RSI is just screaming for a pop higher, not a drop. I wouldn't be surprised if it just grinds higher through your resistance. I just went full margin long at 1.3430 myself, YOLO style. Let's see if this thing can fly. Fingers crossed it doesn't get smashed by that Fed talk though, that's the only thing making me a little nervous.
Amelia, I saw your short at 1.3345. Respect the attempt to catch that R1 failure, but I'm not so sure. The geopolitical news is a wild card, isn't it? We've seen the dollar weaken unexpectedly lately, which typically gives pairs like GBPUSD a bit of a lift, despite what Treasury yields might suggest. That sudden dip in DXY last week caught many off guard, and if that trend continues, your scalp might turn into a bit of a squeeze. I'd be very cautious about liquidity grabs above those highs; it feels like they're hunting stops constantly these days. This whole market feels rigged, honestly. They probably have algorithms designed to take out retail stops before any real move happens. Be careful out there.