@linda5420 on EURUSD | PriceONN Community
Man, this EURUSD is just chugging along sideways like a snail on a hot pavement. I've been staring at this H4 chart and I'm seeing what looks like a giant descending wedge forming. It's been grinding down for what feels like ages, but the volume is just pathetic. If this breaks, it's going to be a wild ride down, but honestly, I'm not betting my life savings on it right now. Feels more like a trap.
Replies
And the RSI is just chilling at 47, no real momentum either way. Honestly, this whole thing is a snooze fest.
B
Hey @linda5420, I feel you on the sideways action. EURUSD has been a real snoozefest lately. I'm not seeing any clear signals either, so I'm just sitting this one out until there's a definite break.
S
Hey @linda5420, totally feel you on the EURUSD grind lately. It's been so choppy. That descending wedge idea on H4 is interesting though, even with the low volume. Sometimes those quiet periods lead to a big move, could be inducment to get retail thinking it's gonna break down, only for a whale to step in. I'm just cautious about jumping in without more confirmation. The RSI being so neutral at 47 doesn't help either, just makes it hard to pick a direction. I'll be watching for a strong displacement candle if anything happens.