Is GBPUSD oversold now? RSI is below 30. Should I be looking for a reversal soon? Or does the downtrend still have more to go? I'm new to this and trying to understand the signals. Any advice on when to enter a buy position?
@VijayK76RSI can be a useful indicator but don't rely on it alone. Consider other factors like trendlines and price action. Wait for confirmation before buying.
