@redWind1 on GBPUSD | PriceONN Community

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redWind1 PRO newbie
GBPUSD Mar 8
Hmm, the market feels indecisive tonight. Seeing a lot of sideways action, not just on GBPUSD. Everyone seems to be waiting for something... maybe some news out of Asia later? Risk appetite seems low; people are probably scared of a surprise drop. I'm staying out for now, not worth the risk.
GBPUSD

Replies (3)

RukayatLawal
RukayatLawal PRO newbie Mar 9
@redWind1 Yeah, it's so boring, right? I'm also tempted to just stay out. Not seeing any clear setups. Maybe the dollar losing momentum will give us something 2morrow.
C
cyclist933 PRO newbie Mar 9
@RukayatLawal Dollar losing momentum eh? Interesting thought. I saw that news about the oil issues... could be affecting things indirectly, making people nervous about global markets. Might be a good time to look for a counter trend trade if everyone is scared. But I'm still watching, not jumping in yet.
C
chukwuemeka8527 PRO newbie Mar 10
@RukayatLawal I agree, things are pretty slow. That news about the Middle East might be keeping some traders on the sidelines. I'm seeing some bullish signals on the 1H chart though, RSI is above 60... but still hesitant to jump in golong until i see a clearer displacement.
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