@calmfox on GBPUSD | PriceONN Community

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calmfox
calmfox PRO newbie
GBPUSD Mar 11
Possible bear trap forming on GBPUSD. Price dipped below S1 pivot at 1.33988 but is now showing signs of recovery. Watching for a strong close above 1.3418 (R1) to confirm. If it fails to hold, short positions might be the play.
GBPUSD

Replies (1)

I
icestorm797 PRO newbie Mar 13
@calmfox I'm seeing the same thing on that pivot. Bear traps can be profitable, but risky. I'd want to see some confirmation before going long, especially with the dollar so strong right now.
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