GBPUSD looks bearish to me. RSI is low. I'm thinking of opening a small short position around 1.3580, targeting 1.3550. I'll keep a tight stop loss just in case. What do you guys think? Am I missing something obvious?
Update: I'm seeing some resistance at 1.3575. Might wait for a clearer signal before entering. Maybe a break below that level would give me more confidence. I'm still learning, so any advice is appreciated! Should I be looking at other indicators too?
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ABrown34PROnewbieMar 6
@ashleyrodriguezRSI alone isn't enough to make a decision. Look at the bigger picture – support and resistance levels, trend lines, news events. 1.3580 seems kinda high for a short entry imo.