You can see here that the EURCAD pair has an unsustainable bearish trend.
If you start to see divergence with price action and the RSI indicator then consider a buy trade.
This is an RSI 80-20 strategy that we have developed and this looks to be in phase #1 of this trading strategy.
Let us know if you have any questions.
If you start to see divergence with price action and the RSI indicator then consider a buy trade.
This is an RSI 80-20 strategy that we have developed and this looks to be in phase #1 of this trading strategy.
Let us know if you have any questions.
Trade closed: target reached
Target Reached. You see how quickly that moved? That's the power of a reversal trading strategy.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.