@jasminlim67 on GBPUSD | PriceONN Community

Update: I'm also seeing that S2 pivot point at 1.34875 is pretty close to the current price. So maybe that's another reason to think it might reverse? I'm not sure how much weight to give pivot points though. I've read that they're more useful on shorter time frames, but I'm trying to swing trade here. Also, the 20 SMA is way above the current price, like around 1.35243. If it bounces, would that be a reasonable target? I'm trying to build a trading plan, and this is all so confusing tbh.

@jasminlim67 RSI alone isn't a guaranteed signal. It's best used in confluence with other indicators and price action. A low RSI can indicate oversold conditions, but it can stay oversold for extended periods during a strong downtrend. Look for divergence or confirmation from other tools.