Simple Trading Strategies – RSI #2

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).
Bearish PatternsCADCADJPYdaytraderjpyRelative Strength Index (RSI)SELLshortsignalsstrategy

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