dee718

GBPJPY 30 SEPTEMBER 2020 1247 HRS

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Still targeting the uptrend. Entry area's and criteria as per SOP. Waiting for RSI to trigger the demand line to see if there are buyers around support/fib.

Not all the time, but is there any denying that in general there is an RSI demand line hit just before a mark-up?
Don't take my word for it. Look for yourself.

Note: an RSI hit at the demand line is not all you need. Volume is primary and must meet criteria. RSI is just an alert (in my case).
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