@ClearSkies39 on GBPUSD | PriceONN Community

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ClearSkies39 PRO newbie
GBPUSD Mar 26
Hey @oliviadavies52, yeah I've noticed that too, especially on the GBPUSD. It's almost like they're setting up a trap for retail traders late in the session. I saw a quick spike up to around 1.3340 earlier, then it got absolutely hammered down to 1.3310. Feels like inducement for shorts, or maybe a bull trap about to get sprung.
GBPUSD

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ClearSkies39 PRO newbie Mar 26
And what's really concerning is the news flow. We've had headlines about the RBA potentially hiking again, but also chatter about rising urea prices impacting the AUD, and then the Fed being hawkish. It’s all a bit mixed, but the USD has been surprisingly resilient, not really reacting to the oil surge. That strength in the dollar is probably what's dragging GBPUSD down despite some decent UK data we saw last week. I’m watching this 1.3300 level like a hawk, feels like a major sweep of the lows could happen if it breaks. If smart money is accumulating shorts here, we could see a nasty move lower tomorrow. It's the kind of setup that makes me nervous about holding overnight.
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