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
akyong 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 :)
Ya, we can't really use RSI alone to trade. Alright, Thanks!!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out