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Is anyone else watching the RSI on EURUSD? It's getting close to oversold territory, but with the overall trend still down, I'm hesitant to jump in long. I'm wondering if it's better to wait for a clearer reversal signal or a break of the SMA 20 before considering a buy position. Any thoughts?
Hey @jwilson503, I feel you on the RSI thing! I'm also trying to figure out when it's a real signal vs. just noise. What does "break of the SMA 20" mean exactly? Like, how much does it need to break by before you'd actually buy? Thnk you!