Stock Trading and Other Things

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Summary: territory is not a signal to enter a long position and buy the pair When a pair is oversold it can become even more oversold Take a look at the chart below for a visual on this Note that after the RSI touched 30 the pair still dropped almost 200 pips Based on the RSI the time to take a long position is after the RSI moves back above 30

Image Dimensions: 780 x 430