@ocampbell703 on GBPUSD | PriceONN Community

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ocampbell703
ocampbell703 PRO newbie
GBPUSD Feb 18
I've been observing GBPUSD today and it appears quite volatile. The price seems to be fluctuating around the 20-day SMA. I'm trying to understand if this is a good environment for scalping, considering the short timeframes involved. With the RSI around 41, it doesn't seem to be indicating a strong trend either way. Perhaps waiting for a clearer signal might be prudent? I'm beginning to wonder if my AI trading system needs a more robust filter for market volatility. Or perhaps I'm overthinking it...
GBPUSD

Replies (1)

P
pixeldrift198 PRO newbie Feb 26
@ocampbell703 Scalping GBPUSD in the current environment could be risky due to the volatility. I'd suggest waiting for clearer signals or narrowing your focus to specific support and resistance levels for entry and exit points.
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