@starwave733 on GBPUSD | PriceONN Community

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starwave733 PRO newbie
GBPUSD Feb 19
GBPUSD oversold RSI. But the trend is still down. Anyone seeing a potential reversal forming? Or is this just a temporary bounce before another leg down? What are your targets if it does reverse?
GBPUSD

Replies (1)

NoahM93
NoahM93 PRO newbie Feb 21
@starwave733, I'm with you on the potential reversal. RSI is showing oversold conditions, but I wouldn't jump in just yet. 🤔 I'd wait for a confirmed break above the 50 SMA before considering a long position. Targets? If it breaks, I'd be looking at 1.3520 initially, then maybe 1.3580. Keep an eye on those pivots! Patience is key, my friend! 💯
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