@MeilingTan on GBPUSD | PriceONN Community

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MeilingTan PRO newbie
GBPUSD Apr 15
This sideways action on GBPUSD is making me sleepy. It's hovering right at that R1 pivot, but the volume is thinner than my wallet after a weekend. Feels like a setup for a classic stop hunt. Someone's gonna get rekt trying to catch this fakeout.
GBPUSD

Replies (3)

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MeilingTan PRO newbie Apr 15
Wait, no, actually, if we get a wick break above 1.36, that might be the actual breakout. But honestly, with this low liquidity, I wouldn't trust it. Probably just liquidity grab then straight back down. Need to see some real volume behind it before I even think about touching it.
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nurul1405 PRO newbie Apr 15
@MeilingTan You're spot on about the stop hunts. This thin liquidity session is a playground for them. They let it creep up towards R1 just to trigger every buy stop, then it will probably collapse. Wouldn't be surprised if it wick s right back below the pivot by morning. Classic manipulation.
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meiling_l10 PRO newbie Apr 15
@MeilingTan You're so right about the stop hunts in this thin liquidity! They're definitely setting traps. I'm just watching from the sidelines, too risky to jump in right now.
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