Forex trading strategy #4 (RSI High-Low)
Submitted by Edward Revy on February 28, 2007 - 14:14.
Although no trading system can solely rely on RSI indicator, using it in combination with other tools and proper technical analysis can bring a new edge to your Forex trading.
Setup:
Currency pair: Any.
Time frame: Any.
Indicator: RSI (14) with levels at 70 and 30.
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just try this with RSI(7) but with GBP/USD and use 5 min chart set +10 TP and you simple will make 100 pip per day wow .:P
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