@jose9803 on GBPUSD | PriceONN Community

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jose9803 PRO newbie
GBPUSD Feb 27
I'm trying to understand how to use the RSI indicator. It's currently at 37, which I understand is bearish. But how reliable is it on its own? Should I only use it with other indicators like moving averages or the Bollinger Bands? I'm also a little confused about setting stop losses. If I enter a short position on GBPUSD, how do I know where to place my stop loss to minimize risk but still give the trade room to breathe? Is there a general rule, or does it depend on the specific setup?
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