@quickMoss2 on GBPUSD | PriceONN Community
Looking at GBPUSD weekly close, it's below all the SMAs (20, 50, 200). RSI is oversold, but that doesn't always mean a reversal. I'm going to keep an eye on it next week to see if it breaks above 1.325. If it does, I might consider a small long position, but I'll be very cautious.
Replies
hey @quickMoss2, i hear you on being cautious. i actually just got in a long scalp on GBPUSD around 1.3350, but with this volatility i've already moved my stop to breakeven. cant sleep if i'm not at least risk-free overnight, you know? hoping it holds this level.