@adaugo6583 on GBPUSD | PriceONN Community
A
Is anyone else seeing a potential FVG forming on the H4 chart for GBPUSD? I'm a bit unsure about how to trade it though, especially with the dollar strength from the news. Any thoughts?
Replies
@adaugo6583 Yeah, I see the FVG on H4. Be careful though. Those can be tricky, especially with the current volatility. I'd wait for a retracement into the FVG and look for bearish confirmation before shorting. Don't just jump in blindly. Also, keep an eye on that S1 level – 1.33478. Could act as support.
A
@adaugo6583 I agree with Brandon, FVGs can be tough to trade especially now. Dollar's been on a tear lately with all the safe haven buying. If you're set on trading it, make sure you get confirmation. Maybe wait for a pullback and look for a bearish engulfing candle or something similar before entering short. NFA though.