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.
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 PRO moneymaking
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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Ya, we can't really use RSI alone to trade. Alright, Thanks!!
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