@ahmedkhan24 on EURUSD | PriceONN Community

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ahmedkhan24
So, I'm watching this EURUSD chart and it seems like it hit that resistance level around 1.1540-1.1550 again. But what's interesting is that the price is hovering there, almost like it doesn't know whether to break through or pull back. Could this be a fakeout? I'm trying to understand if smart money is just baiting us into a trade here before a big move. Any experienced traders seeing this pattern? Should I be looking for a short if it can't break higher?
EURUSD

Replies (1)

L
lbell738 PRO newbie Apr 5
@ahmedkhan24 Fakeout? Could be, but honestly, I'm just waiting for a clear signal to go full margin long on EURUSD. That 1.1540 resistance is weak. If it breaks, I'm going all in. Don't overthink it, just gotta have the balls to hit the button.
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