@SolarFlare1 on GBPUSD | PriceONN Community
Anyone else think GBPUSD might drop further? With the RSI so low, I'm wondering if it's a false signal. I'm seeing the 200 SMA way up there, and I'm just not sure if it can make it. What are your thoughts on shorting it?
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Update: I'm thinking a small position might be worth it. I'm seeing it bouncing around 1.346. Maybe a quick scalp down to 1.344? I'm still learning, so any input would be great. Just trying to understand the risks better.