@keenstorm on GBPUSD | PriceONN Community
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Alright, diving into GBPUSD! Seeing a pretty clear downtrend on the 4H chart. RSI is below 30, so we're definitely in oversold territory. I'm expecting a possible bounce soon, but I'm not going long until I see some solid confirmation. Watching for a break above that 1.36 level before I even think about buying!
Replies
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@keenstorm I'm also seeing that downtrend on GBPUSD! I'm a bit nervous about going long, even with the RSI oversold... it could just keep going down, right?
@keenstorm Yeah, saw that oversold RSI too. Good call waiting for confirmation before going long. 1.36 is def a key level to watch.
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@keenstorm RSI below 30 doesn't always mean bounce, mate. Could be a sign of a deeper correction incoming. I'd wait for a confirmed reversal pattern before jumping in. Just my two cents.