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Rsi-bearish-divergence

Peso and Dollar Tap DancePeso has been Trumped by "Build the Wall". Mexico has conceded to work with US on Border "issues". Mexico lost Ford mfg to US because of Trump agenda and probably will lose more. Mexico hopes to arrange decent trade to counter effect. Mexico Central Bank sold off dollars to stymie skid . Meanwhile, speculators know that the Peso is squat . I think the Peso is squat. Technically, the Peso is squat. Technically, we are due for a retrace and the classic Triple Tap Price Action may conclude. I look for a potential reversal from it when RSI is Your Friend . Note: I mostly go long and buy breakouts on this pair, because your True Best Friend Is The Trend (and the Peso is still squat).
by dead2live
Sample RSI setups on #USDCADThe 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.
by CurrencyWaves
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