@mwilson755 on GBPUSD | PriceONN Community
M
Anyone else noticing the bearish divergence on the H4 RSI right now? It's sitting at 59.4, but the price action seems to be struggling to push higher. I'm watching the 1.3450 level closely as a potential resistance zone. If we can't break through that, I might consider a short.
Replies
Hey @mwilson755, I see you're talking about that bearish divergence. I'm also kinda watching this. It feels like it's going to keep falling, maybe to around 1.3256 where it has some support? I don't really get all that RSI stuff though, I just see the red candles and get nervous. My account balance is looking a bit sad right now, and I'm scared to even look at it. Is it better to just cut my losses if it goes below 1.3270? I'm so new to this, it's all very confusing and scary.