@ethanbaker on EURUSD | PriceONN Community
This sideways chop is classic inducement before a big move. Smart money loves to trap retail on the wrong side in low liquidity. Don't get caught chasing here.
Replies
Yeah, and look at the H4 RSI. It's sitting right on 50, which is neutral, but if you zoom out to the D1, we're seeing lower highs. That's a bearish divergence brewing, I reckon. Those pivot points at R1 around 1.1718 are going to be key resistance. If we can't break that with conviction, expect a retest of the S1 at 1.1689, maybe even lower if there's some news catalyst. This current calm feels more like the eye of the storm than anything else.