@neo2394 on GBPUSD | PriceONN Community

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neo2394 PRO newbie
GBPUSD Feb 17
Alright, alright, let's talk GBPUSD. So, I'm seeing this bearish trend, right? Like, clear as day. But here's the thing that's got me scratching my head – is it a legit trend, or just a blip before we bounce back up? I'm looking at those SMAs, and honestly, they're all over the place, not giving me a clear direction. RSI is screaming 'oversold', but we all know that can stay oversold for a while. I'm tempted to short it, but I'm also scared of a sudden reversal. What's your take? Anyone got a crystal ball they wanna share?
GBPUSD

Replies (1)

kevin1365
kevin1365 PRO newbie Mar 4
@neo2394 I agree, the SMAs are a bit messy right now. I think it's a legit bearish trend, but I'm waiting for more confirmation before adding to my short position. Maybe watch for a break below the S2 pivot to confirm?
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