@bluetrail on GBPUSD | PriceONN Community
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GBPUSD is currently testing the lower Bollinger Band, which could indicate a potential bounce. However, with the RSI in oversold territory, further downside pressure is certainly possible. Watching for a potential bullish divergence on the RSI to confirm any reversal. A break above 1.3540 would be encouraging!
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@bluetrail Yeah, that lower Bollinger Band test is interesting! I'm also keeping an eye on that potential RSI divergence you mentioned. A break above 1.3540 would definitely be a good confirmation signal. Hoping for some bullish action next week!
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@bluetrail I'm also looking at that lower Bollinger Band as a possible buy signal, but I'm a bit of a newbie still, so not totally sure. What timeframe are you looking at for that RSI divergence? I've been burned before trying to catch a falling knife. Plus, with all the news about the US and Israel, feels like anything could happen. Maybe wait for confirmation before jumping in? Just a thought from a fellow learner!