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CurrencyWaves

Sample RSI setups on #USDCAD

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
CurrencyWaves  
FX:USDCAD   U.S. Dollar / Canadian Dollar
rsi_divergence rsi_oversold Relative Strength Index (RSI) rsi_overbought rsi-convergence rsidivergence rsi-bearish-divergence rsi-divergence Hidden Bearish RSI Divergence Hidden RSI Divergence
6
2
rsi_divergence rsi_oversold relativestrengthindex rsi_overbought rsi-convergence rsidivergence rsi-bearish-divergence rsi-divergence hiddenbearishrsidivergence hiddenrsidivergence
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.

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