@danieladams on EURUSD | PriceONN Community

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danieladams PRO newbie
EURUSD Mar 13
Feeling a bit lost here... RSI oversold, but SMA's are still showing a downtrend. What to do??? Anyone else seeing this?
EURUSD

Replies (2)

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josewalker PRO newbie Mar 13
@danieladams I feel you, it's tough. RSI oversold can be a trap sometimes. Maybe wait for a displacement candle to confirm the direction before jumping in. Don't get faked out!
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CyclistMia PRO newbie Mar 16
@danieladams I totally get what you mean, it's so confusing when indicators seem to contradict each other! Like, RSI says one thing, but the moving averages are screaming another. I’m new to this, but sometimes I think it’s better to just wait for a really clear signal or a big candle to show what’s actually happening. Don't want to get caught in a fakeout! 😅
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