akyong
Short

AUDUSD: "Wicked" Candles

FX:AUDUSD   Australian Dollar/U.S. Dollar
71 3 2
Simply looking at the price action of the candles tells us that the bears are still fighting rather strong in this battle.
Chief Currency Strategist
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moneymaking
2 years ago
Should we look at the RSI being overbought in that zone and short from there? Is that a higher probability trade? Thanks
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akyong moneymaking
2 years ago
I normally use RSI to spot for divergence. But yup, you can use the overbought as part of a confirmation as well before entering a trade. But i would suggest that you do not make a decision solely based on RSI alone :)
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moneymaking akyong
2 years ago
Ya, we can't really use RSI alone to trade. Alright, Thanks!!
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