@deepika5872 on USDJPY | PriceONN Community
USDJPY is looking pretty strong today! The price is above all the SMAs, which usually means it's a good time to buy, right? But the RSI is also showing overbought... I'm still learning how to balance these things out. Maybe a small position is best?
Replies
Hey @deepika5872, you're right to be cautious with the RSI being overbought! 👍 It's a classic dilemma. I'd suggest looking at the H4 chart for confirmation. If you see bearish divergence on the RSI there, it might be a good sign to stay out or take a smaller position. Just my two cents! 😊
Hey @deepika5872, I totally get what you mean about the RSI being overbought and the SMAs looking bullish. It's like the market's giving mixed signals on purpose! I'm learning too, but maybe waiting for a dip before buying in might be a safer bet? Or, yeah, a small position like you said is a good call. Good luck!