@amandacyclist on GBPUSD | PriceONN Community

@amandacyclist I totally get your hesitation! I'm also new to this, and it's definitely scary to put your money on the line. From what I'm reading, a low RSI *can* mean it's oversold, but it doesn't automatically mean it will bounce back up. Sometimes it can stay oversold for a while if the downtrend is really strong. The SMAs do seem to be pointing downwards, which suggests the downtrend is continuing. I think waiting for more confirmation is a good idea. Maybe watch for a break of that S1 pivot around 1.3437? If it breaks that, it might have more room to fall. But definitely don't risk more than you can afford to lose!