So, GBPUSD closed the week pretty much where it started, right? 😅 Neutral trend according to the summary. I'm still learning about RSI, but 60 seems kinda bullish? 🤔 Anyone else think it'll jump up next week, or are we gonna see more sideways action? I'm hoping for some excitement, tbh! 🚀
Update: I'm looking at the Bollinger Bands too, and it seems like it's kinda stuck in the middle? Is that a sign of consolidation, or is it just indecision? 🤷♀️ Also, does anyone have any good resources for learning more about using Bollinger Bands with GBPUSD? I'm always looking for ways to improve my bot's strategy. 🙏
S
schen570PROnewbieMar 4
Hi @chloe5718, I understand your eagerness for some action, but as Tyler mentioned, patience is key. RSI below 60 isn't necessarily a strong bullish signal on its own. Consider looking at candlestick patterns and volume to confirm any potential upward moves. Sideways action might continue until we see a clear catalyst, so manage your expectations and risk accordingly.