CurrencyWaves

Sample RSI setups on #USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
The RSI can be a great trading tool if used properly. Most Traders use it for an overbought/oversold indicator and that is the worst use of the RSI .


As you can see from the chart, there are multiple short term trade setup in this one hourly chart. Although I am only showing 3 examples there are many more setups on this chart but did not want to make a mess of the chart. I will continue to post RSI trade setups and RSI educational information in the future as time allows.
That's trully mind opening.. thanks!
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CurrencyWaves IAmAgainst
You are welcome..hope it helps your trading.
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