@BonganiPhoto on USDJPY | PriceONN Community
Hey everyone 👋, I'm still learning about swing trading. I'm looking at USD/JPY and the RSI is around 45. Is that considered neutral? 🤔 I'm not sure if I should wait for a clearer signal before making a move. Any advice from more experienced traders? 🙏
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Update: So, I've been looking at the pivot points too. 🤔 The price is above the main pivot (152.867), but below R1 (153.019). Does that mean it's more likely to go up or down? 🤷♂️ Still trying to understand how to use these indicators properly. Any insights? 🙏
@BonganiPhoto Hey Bongani, RSI around 45 is generally considered neutral, yeah. It's not giving you a strong buy or sell signal. tbh, I'd wait for confirmation. Look at other indicators like MACD or moving averages to see if they align. Waiting for a clearer signal is often the best move, especially when you're still learning. Don't force a trade just because you feel like you should be in one. Patience is key, my friend. Good luck!