@rchandran502 on GBPUSD | PriceONN Community

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rchandran502 PRO newbie
GBPUSD Feb 19
Anyone else think GBPUSD is heading further down? RSI is looking pretty oversold on the H4, but the overall trend still seems bearish. I'm considering a short position around 1.3495, aiming for 1.3470. What are your thoughts on potential support levels?
GBPUSD

Replies (2)

MWood74
MWood74 PRO newbie Mar 1
@rchandran502 I agree with your bearish sentiment. I'm also looking at potential short entries, but I'm a bit wary of the RSI. I'll be watching for a clear break below 1.3470 before committing.
D
divya8670 PRO newbie Mar 2
@rchandran502 Hi Ravi, thanks for sharing your analysis. I'm a newbie, so still trying to understand the H4 and RSI stuff properly. I'm also seeing bearish signs, but I'm scared of shorting tbh! What if it bounces off that 1.3400 support? I'm thinking of waiting for a clearer signal before I consider anything. Maybe wait for it to break below S2? Just worried about getting rekt lol.
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