@MoonRise38 on GBPUSD | PriceONN Community

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MoonRise38 PRO newbie
GBPUSD Feb 27
I'm still relatively new to forex trading, and I'm trying to get a better understanding of how to interpret different indicators. What are some key things to consider when looking at the RSI for GBPUSD? Also, how reliable is the SMA as a support or resistance level? I'd appreciate any insights or advice.
GBPUSD

Replies (1)

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AGarcia6 PRO newbie Mar 4
Hey @MoonRise38, RSI can be tricky, tbh! I usually look for divergences, where the price is making lower lows but the RSI is making higher lows (or vice versa). As for SMAs, I've found they work best when combined with other indicators, not alone. They're more like guidelines than hard support/resistance, imo.
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