In this video we're taking a look at the 
USDCHF, looking at the idea of this pair being overextended to the bearish side and looking to take advantage of potential bullish relief.
There are 3 main signals that we're looking for in this trading example.
1) The Relative Strength Index (RSI) being extremely oversold (currently around 12)
2) Price action trading completely outside the Keltner Channels
3) A low-test candlestick pattern signaling potential buying pressure.
As I mentioned in the video the actually strategy that this idea is based-on has some very specific parameters, but it is cool to see how and if it could be evolved to work in alternative ways.
If you have any questions, comments or want to share ideas, please do so below.
Akil
USDCHF, looking at the idea of this pair being overextended to the bearish side and looking to take advantage of potential bullish relief. There are 3 main signals that we're looking for in this trading example.
1) The Relative Strength Index (RSI) being extremely oversold (currently around 12)
2) Price action trading completely outside the Keltner Channels
3) A low-test candlestick pattern signaling potential buying pressure.
As I mentioned in the video the actually strategy that this idea is based-on has some very specific parameters, but it is cool to see how and if it could be evolved to work in alternative ways.
If you have any questions, comments or want to share ideas, please do so below.
Akil
Coaching, Courses & Community
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.
Coaching, Courses & Community
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.