* I may refer to this chart as being a weekly. It's definitely a daily.
A weekly chart can be used for deep RSI-oversold instruments, track how low the recent historical levels got to in oversold and there will probably be your cue-to-buy into it. Timing will be difficult on weekly timeframes, you would look for supporting timeframes daily, 4hr, 2hr, 1hr and 15 minute RSI to be in a similar oversold state to get that extra confirmation.
Bigger profit gains can be made on weekly but timing is harder.
Always, tiny lot size for example o.1. Pull the trade correctly with long gains over a week to months & turn a smaller 0.1 lots risk into 5k profit.