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Rsi 80 20 trading strategy pdf


rsi 80 20 trading strategy pdf

of the trade and wait for a candle to close above the first candle that you identified that was previous forex trading easter monday 50 candle low. 13 RSI 80 - 20 Trading Strategy Step Three: Wait for a second price high candle(s) to close after the first one that we already identified. I drew vertical lines on the chart so that you can see the 50 candle low that we identified. 7 RSI 80 - 20 Trading Strategy Step Four: How to Enter the Trade The way you enter a trade is actually very simple. Below is an example: Note* We will use this same example to explain this strategy. Example #3: (gbpusd 4-hour time chart) Step One: Find the currency pair that is showing a high the last 50 candlesticks.

This is not necessary but may be helpful for you to do and see how strong the trend. It is very important to wait for this second low because it gets you in a better position to make a trade. This will guide you when you look for a trade. This strategy will identify a break of a trend and take advantage of the movement to the opposite direction. Step One: Find the currency pair that is showing a high the last 50 candlesticks. (OR low depending on the trade) This strategy we can use any time period. 5 RSI 80 - 20 Trading Strategy Remember that this strategy is a reversal strategy. The second price low must be below the first low but the RSI indicator must provide a higher signal than the first one. This will ensure that you are maximizing your potential to get the most out of this strategy.

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