@JustinChef on GBPUSD | PriceONN Community
Anyone else seeing a potential bounce around 1.3470? RSI is getting close to oversold on the H4 chart. I'm thinking of placing a small long position with a tight stop loss just below S2. What are your thoughts on the risk-reward?
Replies
I think 1.3470 is a decent level for a bounce, @JustinChef. But be careful, the overall trend is still bearish. A tight SL is definitely a must. Good luck!