Seeing a lot of consolidation around 1.3250 on GBPUSD. Feels like a liquidity grab is brewing before any real move. Don't get caught fading this quiet period.
Hey @amitshah55, I feel you on that consolidation. It's been choppy around 1.3380s for a bit now, and frankly, it's making me nervous. I was hoping for a cleaner break higher after that bit of USD weakness earlier, but it just fizzled out. The news about oil prices dropping then recovering has made things super unpredictable, and I'm worried we might get that liquidity grab you mentioned before any real direction sets in. I've got a small position open, but if we start testing those lower pivot points like S1 around 1.3396, I'm seriously considering cutting it. This sideways chop is just draining.