@ClearSkies71 on GBPUSD | PriceONN Community

@ClearSkies71, that's a common dilemma. Indicators should be viewed in context, not in isolation. An oversold RSI in a strong downtrend can be a sign of continued downward momentum, not necessarily an imminent reversal. Look at the RSI in conjunction with price action and other indicators like the SMAs. Pivot points can be useful as potential support and resistance levels, but they are not foolproof. Market sentiment and fundamental analysis also play a crucial role. Perhaps consider waiting for confirmation signals, such as a break of a key support level, before committing to a position. I suggest backtesting different strategies to see what works best for you.