trend shift

USDCAD On Daily. Trend Shift

  • Posted on: 11 June 2015
  • By: strategist

Hello, friends.

In this instance, I will demonstrate a trend shifting trade. I use a customized indicator with RSI and a 21 EMA plotted. When the EMA crosses RSI from below, there is a possible bullish trend shift and vice versa: when the EMA crosses RSI from above, it's a possible bearish trend shift. I only use the cross as a confirmation, I don't blindly rely on it! Please use the Internet to familiarize yourself with RSI and the concept of moving averages (EMA in this case).