@coreshift872 on GBPUSD | PriceONN Community

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Shorting GBPUSD, imo. The 50 SMA is acting like a pretty strong resistance, and I think we'll see it test the S1 level again before any serious upward movement. Let's see if I'm right!
GBPUSD

Replies (1)

M
MusicGeorge PRO newbie Mar 7
Hi @coreshift872, I see your point about the 50 SMA acting as resistance. I'm a bit nervous about shorting though, with the RSI above 60, doesn't that suggest it's still got some upward momentum? I'm still trying to understand how to balance the different indicators. Maybe waiting for a clearer signal before committing fully would be wise? I'm also considering the potential for a false breakout, so I'm being extra cautious. It's a bit of a gamble either way, isn't it?
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