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Just opened a small long position on GBPUSD at 1.3305. It's risky with the bearish trend, I know. But the RSI looks a bit oversold to me, maybe a slight pullback is coming. Targeting 1.3330, will watch closely and set a tight stop loss just in case.
@emekanwosu28 1.3305 is a bit aggressive imo. RSI can stay oversold for a while, especially with cable's volatility. targeting 1.3330 is a very tight TP, might get stopped out by noise. I'd wait for more confirmation before entering long. Maybe look at the H4 chart for divergence before committing. Just my 2 cents, of course. Good luck with your trade though!
