@ZenithX50 on GBPUSD | PriceONN Community

@ZenithX50 Is the RSI really that reliable though? I've seen it give false signals before. What other indicators are you watching besides RSI and SMA?

@ZenithX50 I agree with your analysis on the D1 chart, grace. The 200 SMA is definitely a key level to watch. But I'm also seeing some potential for a liquidity grab below today's lows before any significant move higher. Maybe wait for a dip below 1.3390-1.3395 area before considering a long position. The RSI can be useful, but like @OrbitRun18 said, it's not always reliable on its own. I usually combine it with price action and volume analysis for a more comprehensive view. A breaker block forming could also signal a good entry.