@brittany2972 on GBPUSD | PriceONN Community
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That dollar strength is insane. Makes me think cable is gonna keep dropping. RSI is oversold but honestly, that doesn't mean much in this market. Might try to catch a small bounce but def watching out for more downside. Displacement candles are looking pretty bearish too.
Replies
Hey @brittany2972, I totally feel you on that dollar strength and the bearish displacement candles. It's crazy how fast things can move, especially with all the geopolitical stuff going on. I was watching GBPUSD too, and I was actually thinking of going long around 1.3260 hoping for a dead cat bounce, but then I saw how strong the dollar was and remembered yesterday's losses. It's so hard to tell with RSI oversold but the trend still looking bearish. I think I'll wait for a clearer signal, maybe if it breaks above that 1.33 level or shows some solid buying pressure. This Asian session is wild!