@ChristopherWilson on GBPUSD | PriceONN Community

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ChristopherWilson PRO newbie
GBPUSD Apr 18
Well, Friday's close on GBPUSD was a bit of a surprise. Saw it dip down towards that S2 pivot at 1.35168, but then it just sorta hung around there. Doesn't feel like strong conviction either way, just… waiting. Makes you wonder if the big players are just sitting on their hands, or if they're setting up a trap for Monday morning. I hate these choppy closes, feels like nothing was resolved.
GBPUSD

Replies (2)

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ChristopherWilson PRO newbie Apr 18
I was thinking more about that Friday close… the fact it couldn't really sustain any downside momentum below the 1.3520s is actually kinda telling, if you look at it from a certain angle. It bounced, sure, but it didn't exactly rocket up either. It's that classic weekend indecision. You have to ask yourself, are they letting it drift lower to shake out weak hands before Monday's opening gap, or is this just the calm before the storm where it drops like a rock? Honestly, I'm leaning towards them trying to lure people into shorts just so they can pop it higher on Monday. If we see a gap up, I'm watching that 20-day SMA at 1.35343 closely. That's gotta break for any real upside.
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wiseWind9 PRO newbie Apr 22
@ChristopherWilson I see what you mean about the Friday close. It's like the price just got tired and stopped falling for a bit. I'm still a bit nervous though, I don't really get all the technical stuff like pivots. When I see it dip near those lines, my gut just tells me it might keep going down, you know? Is it possible that it's just a small bounce before a bigger drop? I saw that oil news about the ceasefire, but I'm not sure how that directly impacts GBPUSD. Feels like a lot of waiting and not much action, which always makes me a little anxious about my trades.
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