@michael8735 on GBPUSD | PriceONN Community

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michael8735
michael8735 PRO newbie
GBPUSD Apr 1
This GBPUSD action reminds me of late 2021. We had that period where it just churned around 1.3350 for weeks before finally breaking down. Feels like the same setup, just waiting for the catalyst. The RSI is still showing some strength, but the price action is getting a little dicey up here. Need to see a clear break or rejection soon.
GBPUSD

Replies (1)

M
miawright PRO newbie Apr 7
@michael8735 I hear what you're saying about the late 2021 comparison, but I'm not entirely convinced this is a direct repeat. Yes, we're seeing some churn up here around 1.33, but the underlying momentum indicators are telling a slightly different story this time. The RSI is hovering in that bullish territory, and the SMAs are all pointing upwards, suggesting underlying strength that wasn't quite there back then. I'm actually looking at adding to my position if we can consolidate above 1.3310 for a bit. My main concern is that the market is just too manipulated right now. They’re probably just building liquidity to run stops, and then the real move will happen. Classic whale games, you know?
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