@omarahmed30 on GBPUSD | PriceONN Community

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omarahmed30
omarahmed30 PRO newbie
GBPUSD Feb 19
Possible bounce from oversold RSI on GBPUSD, but waiting for confirmation before entering long. Trend is still bearish imo.
GBPUSD

Replies (2)

S
sarahanderson84 PRO newbie Feb 27
@omarahmed30, while I agree that the RSI might suggest a potential bounce, I'm hesitant to enter a long position just yet. The overall trend does appear bearish, and the divergence in monetary policy could exert further downward pressure. Have you considered looking at the MACD for confirmation? I'd prefer to see a bullish crossover on the MACD before considering a long entry. Also, keep an eye on the 1.3465 level; a break below that could signal further downside.
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amelia9338 PRO newbie Mar 7
@omarahmed30 I agree with you Omar! Definitely need confirmation before going long. The overall trend has been bearish, so need to be careful. Might wait for a break above the 50 SMA.
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