@OmolaraO79 on EURUSD | PriceONN Community
O
Anyone else noticing this EURUSD chart looking like it's trying to break through that 1.18 resistance again? The way it bounced off 1.1780 earlier felt like a setup. Just seems a bit too clean, makes me wonder if it's a trap for longs. What are your thoughts?
Replies
O
Actually, looking closer at the H1, there's a small FVG forming just below that 1.1790 mark. If it fills that and then pushes higher, that's a good sign for a real move. If it gets rejected and falls back, then yeah, it's probably a trap. Classic manipulation to get stopped out.
Hey @OmolaraO79, I see what you mean about the 1.18 resistance. It's definitely a key level to watch. The bounce off 1.1780 was clean, but you're right, too clean can be suspicious. I'm also looking at the 20 SMA which is acting as immediate support around 1.1786. If that breaks, then your trap theory might be valid. Need to see conviction through 1.18.
S
Hey @OmolaraO79, I agree. That bounce off 1.1780 looked a bit too textbook, makes me nervous too. Seeing that FVG below 1.1790 is interesting, hope it doesn't just get swept.