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Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Essentially the RSI, when graphed, provides a visual mean to monitor both the current, as well as historical, strength and weakness of a particular market. The strength or weakness is based on closing prices over the duration of a specified trading period creating a reliable metric of price and momentum changes. Given the popularity of cash settled instruments (stock indexes) and leveraged financial products (the entire field of derivatives); RSI has proven to be a viable indicator of price movements.

Read more about the Relative Strength Index (RSI) in TradingView wiki.
ollyt33 ollyt33 USDJPY, 240, Short ,
USDJPY: USDJPY
39 0 1
USDJPY, 240 Short
USDJPY

Short?

ollyt33 ollyt33 GBPJPY, 240, Long ,
GBPJPY: GBPJPY
85 0 1
GBPJPY, 240 Long
GBPJPY

Bat at structure (B & C point moved for visual purposes)

ollyt33 ollyt33 EURAUD, 60, Short ,
EURAUD: EURAUD
42 0 0
EURAUD, 60 Short
EURAUD

Gartley Harmonic completion at major structure. Further move to the downside? Follows on nicely from previous winners - https://uk.tradingview.com/chart/EURAUD/lc1oufkP-EURAUD/

ollyt33 ollyt33 GBPJPY, 240,
GBPJPY: GBPJPY
51 0 0
GBPJPY, 240
GBPJPY

Butterfly completed nicely. Green box indicates .382 1st target which coincides with major structure area. Might be an area to look for long opportunities if we see bullish signs.

ollyt33 ollyt33 EURGBP, 240, Long ,
EURGBP: EURGBP
68 0 0
EURGBP, 240 Long
EURGBP

Bat pattern close to entering the PRZ. Wait for entry reason in green box. Profits at .382 & .618 level (which will vary with D point). This also coincides with Daily Support level (below)

ollyt33 ollyt33 EURJPY, 60,
EURJPY: EURJPY
30 0 0
EURJPY, 60
EURJPY

Bat Harmonic leading into a potential Gartley later on. $ represent the .382 and .618 targets for the Bat

tradewithhedge tradewithhedge USDJPY, D, Long ,
USDJPY: USDJPY building up a bottom here
199 0 6
USDJPY, D Long
USDJPY building up a bottom here

Hi Traders, After comments from Mnuchin and very heavy USD shorts on the market the USD has been very weak. However, after Mr. Trump and Mnuchin (again but this time saying the opposite) confirming that they want a strong USD "reflecting on the US economy" the market has finally stopped selling USD as it was few days ago. Therefore, I believe that we will ...

nivelij01 nivelij01 UK100, D, Short ,
UK100: UK100 On Strong Resistance
109 0 0
UK100, D Short
UK100 On Strong Resistance

UK100 is at the moment touching the strongest 7600 resistance line. There are now 2 topping tail which indicates rejection of closing the price higher. Also RSI(14) is currently nearing the overbought territory. If price can close around 7570 level, I'm planning to short it with profit target is somewhere around 7445, which is the previous strong support line.

kevin-br94 kevin-br94 USDJPY, 60, Short ,
USDJPY: morning analysis. trade idea USD/JPY
95 0 3
USDJPY, 60 Short
morning analysis. trade idea USD/JPY

Short idea. 2 Resistance lines approach. Looks like it's forming a head and shoulders. Yet to confirm. RSI looking like it's going to make Lowe Highs (LH). Waiting on 2 speeches that could confirm or defer this idea. If candle closes below previous low and RSI hits the red line. Short idea confirmed. Risk reward ratio 3/1.

mikestarch01 mikestarch01 EURUSD, D, Short ,
EURUSD: EUR/USD - Head and Shoulders with strong RSI divergence.
132 2 8
EURUSD, D Short
EUR/USD - Head and Shoulders with strong RSI divergence.

Clear Head and Shoulders pattern alongside a strong RSI divergence, I believe this currency pair will have a reversal. Comment what you predict below!

mikestarch01 mikestarch01 EURJPY, D, Short ,
EURJPY: EUR/JPY - RSI Divergence
33 0 1
EURJPY, D Short
EUR/JPY - RSI Divergence

I believe this currency pair will reverse due to the strong RSI divergence. Comment below what you predict will happen!

mikestarch mikestarch EURJPY, D, Short ,
EURJPY: EUR/JPY - Classic RSI Divergence
28 0 3
EURJPY, D Short
EUR/JPY - Classic RSI Divergence

I believe this currency pair will reverse due to the strong RSI divergence. Comment what you predict!

mikestarch mikestarch EURJPY, D, Short ,
EURJPY: EUR/JPY - RSI Divergence.
12 0 2
EURJPY, D Short
EUR/JPY - RSI Divergence.

I believe this pair will reverse due to a strong RSI divergence. Comment below what you predict!

mikestarch mikestarch EURJPY, D, Short ,
EURJPY: EUR/JPY -  RSI Divergence (possible reversal)
19 0 1
EURJPY, D Short
EUR/JPY - RSI Divergence (possible reversal)

I believe this will reverse due to the RSI divergence. Comment what you think!

vj20_fx vj20_fx EURAUD, 240, Long ,
EURAUD: Indecisive candlesticks
56 0 2
EURAUD, 240 Long
Indecisive candlesticks

Looking at the 4hr chart specifically, this pair has had 4 indecisive candlesticks on the trendline. I believe this will result in a strong bullish movement making a higher high. RSI indicator is also showing that this pair has been oversold.

tommyjones91 tommyjones91 XAUUSD, 240, Short ,
XAUUSD: GOLD possibly reversal at FIB level and resistance, RSI oversold
58 0 1
XAUUSD, 240 Short
GOLD possibly reversal at FIB level and resistance, RSI oversold

GOLD has bounced off the 23.6 FIB level, and is currently at previous resistance Looks to be forming a bearish shooting star doji. RSI also oversold. Will be looking for more confirmation of bearish move for trade entry.

ScottRyder ScottRyder GOLD, D,
GOLD: Gold Daily Chart After Interest Rate Decision
61 0 2
GOLD, D
Gold Daily Chart After Interest Rate Decision

After the interest rate decision and the dovish tone from Yellen we have seen the price in Gold spike back up to resistance dating back to May 2016, i will be looking to short gold at 1240 should it respect resistance or look for a bearish candle on the daily close to see a sell off back to 1200, the dollar index will also be a key tool to decide price action.

vj20_fx vj20_fx USDJPY, 120, Short ,
USDJPY: USDJPY SHORT 120
65 0 3
USDJPY, 120 Short
USDJPY SHORT 120

I have used pivot point analysis primarily combined with fib to notice a reversal that may take place. Price has lined up well with R2 and my weekly resistance which is also 0.5 fib resistance! Using the RSI, I have also seen that USD has been overbought which signals a reversal. I will now move down to the 1 hour chart to get pin point entry and ride this trade ...

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