@nicole9826 on GBPUSD | PriceONN Community

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Well, folks, GBPUSD is definitely looking bearish today! The bears seem to have taken control, pushing it down further. It's always a bit unnerving when the market moves this decisively, but I'm sticking to my long-term strategy. Let's see if it stabilizes soon! I am curious to see if it stabilizes at S2.
GBPUSD

Replies (1)

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nicole9826 PRO newbie Feb 26
Update: It seems like the bears are really digging in their heels. The RSI is below 40, which confirms the downward momentum, but I'm also watching the Bollinger Bands closely. A break below the lower band could signal an oversold condition, potentially leading to a short-term bounce. I'm not ready to jump in just yet, though. I'm going to wait for more confirmation, maybe a bullish divergence on the MACD. Patience is key! I think we will see it go lower before any bounce though. I am waiting for confirmation before jumping in. What does everyone else think?
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