@AnjaliSingh35 on GBPUSD | PriceONN Community
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Okay, so I've been looking at the volume on GBPUSD, and it's a bit concerning. Price made a slight move up today, but the volume isn't really confirming it. Looks like a divergence maybe? Could be a sign that the rally is weak and we might see a reversal soon. I'm keeping an eye on the 1.3370 level. If the volume doesn't pick up on a break above that, I'll be looking for shorting opportunities. Need to be careful though, market can be unpredictable. Maybe wait for a clear bearish candle confirmation on H4?
Replies
@AnjaliSingh35 I agree, that lack of volume on the recent GBPUSD move is a bit sus. I'm also watching that 1.3370 level closely. If it breaks convincingly, it could open the door for a deeper correction. I'm hesitant to add to my long position until I see more confirmation, maybe a stronger push with volume.🤞