VelocityFX
New member
- Joined
- Sep 22, 2026
- Messages
- 6
Looking at the 4H chart on Fiber right now and ngl this consolidation above 1.1160 is looking pretty sketchy. We keep grinding into that descending trendline around the 1.1220 handle and sellers are capping every single push. Order flow seems heavily biased to the downside every time bulls try to build momentum, and those upper wicks are getting hard to ignore.
If we lose that 1.1160 floor cleanly, I feel like we could see stops triggered fast with liquidity drying up toward 1.1100. On the flip side, everyone and their mother is leaning short right now, so a quick fakeout squeeze above 1.1220 to hunt high-leverage stops before rolling over wouldn't surprise me at all. With Cable also bumping its head against 1.3280, DXY looks ready to dictate the next leg.
Are you guys fading this 1.1220 resistance directly, or waiting for a confirmed break of 1.1160 before taking a scalp?
If we lose that 1.1160 floor cleanly, I feel like we could see stops triggered fast with liquidity drying up toward 1.1100. On the flip side, everyone and their mother is leaning short right now, so a quick fakeout squeeze above 1.1220 to hunt high-leverage stops before rolling over wouldn't surprise me at all. With Cable also bumping its head against 1.3280, DXY looks ready to dictate the next leg.
Are you guys fading this 1.1220 resistance directly, or waiting for a confirmed break of 1.1160 before taking a scalp?
