USDCHF PROFIT

USDCHF PROFIT
22nd May 2018 contacttf
The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

I needed to wait for the price to hit the second support line.

Trade setup was ideal for a small gain.

My vision was to see price rise until my previous support, which is now the resistance.

Trade worked, but not the best return.

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