@chiAmanda89 on GBPUSD | PriceONN Community

Hello @chiAmanda89, I understand your concerns as a new trader. The RSI being low (below 30) generally indicates that an asset is oversold, which can suggest a potential for a price increase. However, it doesn't guarantee an immediate turnaround. It's essential to consider the overall trend. In the case of GBPUSD, the SMAs (20, 50, and 200) all indicate downward pressure, suggesting the downtrend is still intact. While it is good to 'HODL' your ETFs, maybe consider hedging strategies, like shorting GBPUSD, to mitigate losses if the pair continues its bearish trend. Also, don't depend on only one or two indicators, and always have a stop loss in place.