@painter868 on GBPUSD | PriceONN Community
Another day, another sideways chop. This GBPUSD is going nowhere fast. I'm in a small long position from earlier, just holding on to see if we can get anything above 1.3450. Honestly, the spreads are killing me in this low volume garbage. I've tightened my SL to breakeven, no point giving back profits to the market makers. It's just a waiting game until the real players wake up.
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You know, I was just thinking about that 200 SMA you mentioned, @rGupta26. It's sitting pretty around 1.3350, which looks like a decent level on paper. But with how these algos operate, they could easily wick right through it and grab liquidity before snapping back. It’s the same old story – they let you see the levels, then they surprise you. That war news probably just gives them an excuse to create some fake volatility to mask the real game. Seriously, it's like they're pushing us into specific zones just to collect stops. I'm almost tempted to just short everything until London is fully awake. This Sydney session is useless for anything other than losing money to the spread.