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CurrencyWaves
Sep 16, 2016 3:51 PM

Sample RSI setups on #USDCAD 

U.S. Dollar/Canadian DollarFXCM

Description

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.
Comments
IAmAgainst
That's trully mind opening.. thanks!
CurrencyWaves
You are welcome..hope it helps your trading.
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