@lincolnbaker27 on GBPUSD | PriceONN Community

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L
Anyone else looking at that RSI on GBPUSD? 🤯 At 19.7, it's screaming oversold! Could be a prime opportunity for a mean reversion trade next week. I'm setting alerts for a potential bounce around S2. Let's see if it plays out! 🚀📈
GBPUSD

Replies (2)

L
lincolnbaker27 PRO newbie Feb 17
Update: I'm also watching the Bollinger Bands. A break above the upper band could signal a strong continuation of the uptrend, confirming the RSI signal. Fingers crossed! 🙏
I
isabella1401 PRO newbie Feb 28
Interesting observation about the RSI, @lincolnbaker27. 19.7 is definitely oversold. I'm a bit cautious about just jumping in based on RSI alone, though. With the news about Iran, everything's up in the air. A mean reversion trade could be risky if the market reacts strongly to that news. I'll keep an eye on it, but I'm not convinced yet.
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