RSI Forex trading strategy
This strategy is based on RSI forex indicator.
Indicator : 14 period RSI Relative Strength Index indicator
Currency Pair: EUR / USD
Time Frame Chart : any
Entry rules:
Open sell When RSI upward through the 70 line and then crosses down the 70 line
Open buy when RSI down through the 30 line and then cross upward the 30 line
The Relative Strength Index RSI is a popular indicator, RSI indicator can help you determine your entry point. You can use other technical indicator as confirmation indicator.
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