How You Can Use RSI Divergence Setups For Reversal Entry Strategies

The RSI indicator is a very useful tool for traders, as it can help you make a decision as to whether the bulls or bears are in control of any market. The RSI indicator stands for Relative Strength Index, and it is used to measure the strength of a markets price movement. The RSI indicator can be used to identify overbought and oversold conditions in the market, as well as to spot key divergence reversals. There are a few things that you need to keep in mind when using the RSI indicator. First of all, you should remember that the RSI indicator is a lagging indicator, which means that it will only tell you what has already happened in the market, and not what is going to happen. Secondly, you should also be aware that the RSI indicator is not perfect, and it will not always give you accurate signals. In this video, Duncan outlines a reversal strategy using divergence, combining both the daily and hourly charts for entry. Register for Duncan's new webinar series here: acy.com/en/education/webinars Get in touch today: Web: acy.com Twitter: twitter.com/ACY_Securities Facebook: facebook.com/acy.securities/ #forextrading #howtotradefx #tradingexpectations #indicatortrading ACY Securities Pty Ltd ('ACY AU') is regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL authorised us to provide financial services to Australian Residents or Businesses. ACY Capital Australia Limited ('ACY LTD'), ACY LTD is incorporated in Vanuatu, company number 012868, and is regulated by the Vanuatu Financial Services Commission (VFSC). Registered address: Govant Building, 1276 Port-Vila, Vanuatu. ACY AU and ACY LTD provide general advice that does not consider your objectives, financial situation, or needs. With Forex, CFDs, and over-the-counter products, you have a risk of losing more than your initial investment, and you must consider if these instruments are suitable for your circumstances.