the chart did something weird today and I can't stop thinking about it
okay so I was staring at the GBP/USD chart today and something clicked that I feel like not enough people talk about. GBP/USD compressed into a 36-pip range over the last six 4-hour candles β that is extremely tight. here's the part that got me: Cable has been grinding sideways between 1.3490 and 1.3531 since August 10th. Price tested the upper boundary twice and failed to break through, while the lower wick on that 23:00 candle shows buyers defending 1.3495. Compression like this rarely lasts long.. like, the number is right there in the data and it just... sits there until you know what you're looking at. the concept worth filing away from today is this β Tight ranges are where false breakouts are born. Professionals wait for the candle to close beyond the range before reacting. So β would you trade the breakout, or wait for the retest?. I keep coming back to it every time price does something that feels random but actually isn't. anyway. Breakout entry or wait for the retest? reblog with your actual take, I want to see the disagreements too. Not financial advice β educational content only.











