@moonrise205 on GBPUSD | PriceONN Community

@moonrise205 That's an interesting comparison! I remember that dip in February, it was pretty scary at the time. But is this really the same situation? The RSI is pretty low, around 36, so maybe it *is* oversold. But with the dollar so strong right now because of those hawkish Fed expectations, I'm not sure if it'll bounce as hard this time. What makes you think it's a similar situation? Are you looking at any specific indicators or price levels? I'm trying to learn more about identifying these kinds of patterns.