AUDCHF short with Price Action and RSI
Updated
In the last two weeks, I have published a couple of videos sharing a strategy based on Price Action and the RSI.
Many traders asked me if I can share more example of how to trade with it in real market conditions, so I'm here sharing a potential trade with this strategy, on AUD/CHF.
Price approached a very important long term resistance, so we can try to look for a level above 60 on the RSI, in order to have a good entry level.
Regarding exit levels, we place the stop loss above the area of resistance, while the take profit above an important swing high.
This trade is very similar to a trade we would take with the Swing Trading strategy, but it doesn't wait for any confirmation, in order to maximize the RR ratio.
Many traders asked me if I can share more example of how to trade with it in real market conditions, so I'm here sharing a potential trade with this strategy, on AUD/CHF.
Price approached a very important long term resistance, so we can try to look for a level above 60 on the RSI, in order to have a good entry level.
Regarding exit levels, we place the stop loss above the area of resistance, while the take profit above an important swing high.
This trade is very similar to a trade we would take with the Swing Trading strategy, but it doesn't wait for any confirmation, in order to maximize the RR ratio.
Trade closed: target reached
First trade with the RSI, first take profit :)If you're interested in this method, simply search on YouTube "Federico Sellitti RSI", I explain in detail how to use it.
Happy trading!
Find out more at itstradingtime.com/
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