Share Discuss RSI strategies 2021 (Simplified)

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EURUSD
USDJPY
GBPUSD
AUDUSD

[Time Frames:] H1,D1 and M15

[More...: Midnight trades]

Bullish and Bearish Trades (Asian session) by 02:00am in the midnight, watch 02:00am Candle,if the candle is bullish then buy around 03:00am and close your trade around 04:00am-05:00am but if 02:00am candle closes bearish then you sell around 03:00am and close your trades around 04:00am-05:00am... Only on AUDUSD

What is the RSI all about??

The Relative Strength Index definition is as a momentum oscillator. It shows whether the bulls or bears are winning over the look-back period, which can be adjusted by the user...

The RSI indicator is typically used in forecasting and trading strategies in the following ways:

When the RSI is over 70, it should be expected to fall. A fall below 70 from above 70 is taken as confirmation that the price is beginning a move down.
When the RSI is under 30, it should be expected to rise. A rise above 30 from below 30 is taken as confirmation that the price is beginning a move up.
When the RSI crosses above 50 from below 50, it is taken as a signal that the price is beginning a move up.
When the RSI crosses below 50 from above 50, it is taken as a signal that the price is beginning a move down.

[Strategies]
To use RSI:
First is what Wilder called a failure swing. This happens when RSI exceeds a previous extreme (overbought above 70 or oversold below 20), corrects, and then heads for that extreme but fails to achieve it. You would place a trade on the close of the candle that corresponds to the second peak or dip...


[Lastly]
To trade RSI
Watch the indicators
70= Sell
80= Sell
20= Buy
30=Buy
50= Pick profit
Where RSI is (14) and applied to close....


Tutorial:

Rsi must rise above 80/70 and reverse ◀...
Vice-Versa

To learn more about this startegy and see the video tutorials,take 2 minutes of your time to check it out!

RSI strategies 2021 (Simplified)
Learn to trade Overbought and Oversold Zones

Link below:
 

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