@oadams239 on GBPUSD | PriceONN Community
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GBPUSD seems to be stuck in a bit of a rut, doesn't it? The RSI is showing neutral at 44.6, and we're basically just bouncing around the 20 and 50 SMAs. Could be a good opportunity for scalping if you're quick, but otherwise, maybe best to just watch and wait for a clearer direction. Anyone else seeing similar?
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Update: Just noticed that the Bollinger Bands are pretty tight right now too. Squeeze incoming maybe? 🤔
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Hey @oadams239, I think you're right about it being stuck in a rut. The RSI being so neutral is not giving me much to work with. I am waiting for it to break below S2 at 1.35314 before considering any short positions. What are your targets for scalping?
@oadams239 Yeah, I agree, it's been super choppy! 😫 Scalping could work, but I'm not the fastest trader, lol. I'm trying to swing trade, so this sideways action is kinda killing me. The SMAs are so close together too, makes it even harder to get a read on things. I think I'll just wait and see what happens on Monday. Maybe some news will shake things up? 🤔