I will show you Forex Flat Trend RSI “Price Action” Trading Strategy – a very easy and simple forex trading system and strategy.
The 12 Day Moving Average is a market price average over the last 12 days which often acts as a short term support or resistance level for trading.
The moving average will trail the price by its very nature.
As prices are moving up, the moving average will be below the price, and when prices are moving down the moving average will be above the current price.
- Time Frame: H4
- Currency Pairs: Any
- Flat Trend RSI
- Moving Average
- Relative Strength Index
The Flat Trend RSI forex trading strategy is built for traders who seek to profit off the currency markets trading a reliable and simple forex trading strategy.
The setup for this astonishing trading strategy is easy to spot and just about anyone can adopt it.
- Price above 12 EMA line
- RSI Filter Blue Histogram
- RSI(8) line upward above 55 level
- Mint Signal Green color
- Price below 12 EMA line
- RSI Filter Red Histogram
- RSI(8) line downward below 45 level
- Mint Signal Red color
- The most recommended time frames are 4H
- Risk Reward Ratio = 1:3
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