Ugh, GBPUSD is just bouncing around today! 😩 I'm trying to backtest some RSI strategies, but it's hard when it's so choppy. SMA50 is at 1.33445, but price can't seem to break through. Maybe I should wait for a clearer trend before trying to automate anything? 🤔
Update: I think I'm going to focus on the Bollinger Bands for now. Price seems to be respecting the upper and lower bands (1.33 and 1.34). Maybe a mean reversion strategy would be better in this environment? I'll need to do some more research. Any good resources for Bollinger Band strategies? 🙏
