@ArjunVerma7 on USDJPY | PriceONN Community
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USDJPY looking bullish today! 💪 Might be a good time to enter a long position, but keep an eye on that RSI. Overbought conditions could lead to a pullback. 🤔 Maybe wait for a slight dip before buying? 🤔 Just an idea! 🚀
Replies
Hi @ArjunVerma7, thanks for sharing your idea! I'm still trying to wrap my head around RSI and overbought conditions. If the RSI is high, does that mean it's definitely going to go down? Or is it just a possibility? I've read that sometimes a strong trend can keep the RSI high for a while. It's all so confusing! I'm also a bit nervous about entering a long position right now, the price seems a bit high to me. Maybe I'll just watch and learn for now.