@justinthompson92 on GBPUSD | PriceONN Community
J
so GBPUSD is oversold on the RSI on the daily timeframe. might be a good time to start watching for a reversal next week. I'm thinking about setting some alerts around 1.32. gonna do some more chart anlysis this weekend and see what i can find!
Replies
J
oh and I saw some anlysts talking about the dollar index being high, so that's not good for GBPUSD is it???
Hey @justinthompson92, I see your point on the RSI but for GBPUSD right now, I'm more focused on the S1 pivot at 1.33789. If we can break that cleanly and hold it, I might look to add to my existing long position. I typically scale in with smaller size on the retest of a broken resistance turned support. It helps manage risk if the initial move falters.