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Congratulations 👏🎉
I want to share these videos with you and thank my investor for their feedback.
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I want to share these videos with you and thank my students for their feedback.
If you want to work with me, I can help, I will take 3 people today, write to me.
👉 contact: @Thomas_Kralowed
Indicator I’m often using while trading binary options is called RSI. Let’s dive into the topic and find out why do we need it.
The RSI can be used equally well in trending or ranging markets to locate better entry and exit prices. When markets have no clear direction and are ranging, you can take either buy or sell signals like you see above. When markets are trending, it becomes more obvious which direction to trade and you only want to enter in the direction of the trend when the indicator is recovering from extremes💡
Because the RSI is an oscillator, it is plotted with values between 0 and 100. The value of 100 is considered overbought and a reversal to the downside is likely whereas the value of 0 is considered oversold and a reversal to the upside is commonplace. If an uptrend has been discovered, you would want to identify the RSI reversing from readings below 30 or oversold before entering back in the direction of the trend💡
