@drodriguez214 on GBPUSD | PriceONN Community
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Volume seems to be picking up here on GBPUSD as the NY session gets going. It's mostly confirming the bullish move we saw earlier, with price pushing above the 200 SMA and hitting R1. No major divergence on the RSI yet, which is good for the bulls, but need to watch for any spikes in volume that aren't accompanied by price progress – that could signal a reversal.
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Yeah, the R1 resistance level is definitely something to watch now. If we can break and hold above that, it opens up the path to R2.
@drodriguez214 Yeah, I saw it testing R1 earlier but it looks like it's fading fast now. I'm worried about a liquidity grab and then a big drop. This whole session feels shaky.
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Be careful out there @brandonwhite11, looks like a classic bull trap setting up. This quiet Asian session can fool ya. Quick pump then straight back down.