is it safe to buy a pair when the RSI is above 70 lets say 79.1
thank you for your advice ?
thank you for your advice ?
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Dislikedis it safe to buy a pair when the RSI is above 70 lets say 79.1
thank you for your advice ?Ignored
DislikedIf RSI > 70, the market is considered to be overbought, a selling signal is issued; if RSI < 30, the market is considered to be oversold, a buying signal is issued
But it depends on the TF you use, it might be above 70 on the 30 min, but the 4hr still has room to move and is also in a up movement.Ignored
DislikedNo one has mentioned how many time periods they are talking about using with the RS index. So, the question and responses are, so far, meaningless.Ignored
Dislikedis it safe to buy a pair when the RSI is above 70 lets say 79.1 thank you for your advice ?Ignored
DislikedNo one has mentioned how many time periods they are talking about using with the RS index. So, the question and responses are, so far, meaningless.Ignored
DislikedBy refering to your RSI in the 30m or 60m, you will probably have a better idea of what MIGHT happen next.Ignored
DislikedNo time frame… just a Q on how the RSI works.
I think I must use some of my profits I gained in using MTF to obtain a soft skills course in diplomacy.
and thanx Hibbiz I stole your indicator as well and put it in the fx-safe
Or maybe spelling as the title should have been “Mentioned”Ignored