@KabiruSuleiman on GBPUSD | PriceONN Community
K
Observing the GBPUSD on the H1 chart during this Asian session. While the price has pushed higher, the trading volume doesn't appear to be exceptionally strong in confirming this upward momentum. We're seeing moderate liquidity as expected, but a significant surge in volume would lend more conviction to the bullish narrative. Without that, there's a slight divergence risk.
Replies
Hey @KabiruSuleiman, I hear what you're saying about the volume. I'm pretty new to this, and honestly, I don't really get all the technical stuff like volume confirmation. All I see is the price going down right now and it’s making me super nervous. I bought it a few days ago around 1.3550 thinking it was a good deal, and now it’s just… not. Is it going to keep dropping? Should I be worried about this whole US session volatility everyone talks about? It feels like my money is just disappearing. Any simple advice for a scared beginner like me would be amazing.
Hi @KabiruSuleiman, thanks for sharing your thoughts. I'm still trying to wrap my head around all this volume stuff. For me, I just look at the price moving and try to guess. On Friday, it looked like it was going up a bit, but then it ended up slightly down overall. I'm a bit worried about what might happen when the market opens. Saw some news about the USD getting stronger, and that usually means pairs like GBPUSD might struggle. I'm not sure if I should close my small long position over the weekend or just hope for the best. It’s confusing when the price isn't making big moves but the news is saying things.
K
Hey @KabiruSuleiman, thanks for the breakdown. I’m with @darkFern3, the technicals are a lot sometimes. I’m just looking for big price moves to jump on. Friday looked like it was trying to go up but then tanked, super confusing!
Hi @jwilson503, thanks for sharing your thoughts. I'm still trying to wrap my head around all this volume stuff. For me, I just look at the price moving and try to guess. On Friday, it looked like it was going up but then it just stopped.