Simple Trading Strategies – RSI #2

71
Go short the CADJPY currency pair if it trades at 94.45 or lower. If triggered, place your stop at 97.04 and exit the position for a profit at 88.42 or at your own discretion. (Signals are valid until price close above the RSI 50% line. Always invest wisely).

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.