I am setting up for this one. Very nice Risk/Reward (RR).
my RSI trade strategy (using ea) 2020 60 replies
RSI cross indicator when rsi=50 19 replies
DislikedLook how nice rsi break trendline and retest it : short two lots at the low of yestarday candle.
I have just checked out your RSI (21) on my stocks
- ALL my RSI S/R levels, which are the basis of my trading do not work, so most of what I have previously posted will be meaningless
Conclusion: Stocks and FX are two entirely different animals
Sorry for wasting your time
DislikedI actually went ahead and took the trade, short EURUSD. It seems as a low risk trade. Also I feel as many will run to the USD now. I usually don't trade over the weekend, but this one felt good. I guess we will know Sunday night!
DislikedHi Kareem ! You have remaind at the 1 hr chart ? You look at the bigger timeframe for your trade decision ?
Usually I don't trade eurusd , but look at the yellow trendline how price respect it ,and rsi the 50 level .
Thanks , hope you understand "my" englishIgnored
Dislikedeurjpy setup... possible downside movement...
only monday can tell the setup is correct or not...
Edit: actually every pair work with RSI divergence...
My time frames, 30 minute and 4 hour...Ignored