@MeilingTan on GBPUSD | PriceONN Community

@MeilingTan Mei Ling, seeing the RSI below 30 doesn't automatically mean it's oversold, especially in a strong downtrend like this. It can stay oversold for a while. Waiting for confirmation is a good idea. I'd suggest looking for a break and retest of a resistance level before considering a buy. Also, that S2 pivot is a decent area to watch for a bounce, but don't rely on it solely. Combine it with other indicators and price action. Personally, I'd be cautious about buying right now, given the strong bearish momentum. Maybe wait for a clear bullish divergence on the RSI before jumping in. Good luck and keep learning!