Hello traders so we all know about the overbrought and oversold on the rsi but did you know that that is the weakest sign the rsi give?
Let’s me teach you a more powerful way to use the rsi
Now typically I’ll keep I mark up my chart with trendline but did you know that marking up the rsi is better for price action? As the rsi reveals the true direction of price if we start to mark it with the same type of love we’ll get a good understand of price direction.
Ex here I’m in this trade for a fast sale. We all know usdcad been selling but by looking at the chart it’s hard to see what price is really doing
But when we marked it up on the rsi we can see price is in a uptrend and we can see it hit touch the overbrought and started trending upward and hit the oversold.
So now we can see that this market is actually trending and we want to be with the trend
So what to do now
We Im selling until the rsi curse back up respecting the trendline and if the rsi breaks then I’ll stay in the trade. We can even set alerts on the rsi trendline which will informs us before price do
This is very effective at letting you know about the market sediment
HOW TO TRADE LIKE THEM-
Let’s me teach you a more powerful way to use the rsi
Now typically I’ll keep I mark up my chart with trendline but did you know that marking up the rsi is better for price action? As the rsi reveals the true direction of price if we start to mark it with the same type of love we’ll get a good understand of price direction.
Ex here I’m in this trade for a fast sale. We all know usdcad been selling but by looking at the chart it’s hard to see what price is really doing
But when we marked it up on the rsi we can see price is in a uptrend and we can see it hit touch the overbrought and started trending upward and hit the oversold.
So now we can see that this market is actually trending and we want to be with the trend
So what to do now
We Im selling until the rsi curse back up respecting the trendline and if the rsi breaks then I’ll stay in the trade. We can even set alerts on the rsi trendline which will informs us before price do
This is very effective at letting you know about the market sediment
HOW TO TRADE LIKE THEM-
