The ONLY RSI Trading Strategy That PERFECTLY Times Market Reversals...

"we're going to take a look at a live trade i'm in on the dollar yen using the strategy along with take a look at a few other examples"

"you are going to learn how to use the rsi indicator in combination with a few other factors in order to spot the best potential trading opportunities in any market including stocks forex and crypto"

"whenever you see this happen it's an even more of a hint even more of an indication that we could likely see a reversal out of the price of that specific asset"

"so the first step in the strategy you're learning today is always to find a higher time frame level of structure"

"so in this case we have that divergence here and as the third step to this strategy which is actually the first step we're going to be using market structure but hopefully that breakdown of the rsi indicator and divergence was enough for you to understand the indicator itself now let's move on and talk about the entire list of rules for the strategy and what i look for in order to give myself the most profitable trading opportunities"

"for me a little bit more conservative so waiting on a double top it's that simple guys just waiting on this double top"

"and my targets are normally a one to one for my initial target second target relies a bit more on structure as you can see if i scroll left we have a pretty major level of resistance here in this area which is why you see my second target sitting at about a four to one reward to risk ratio"

"now what i want to do is take you through another example of a bullish trade one that you can buy instead of sell so if you want to see that stick around let's go ahead and go to a bullish example of this rsi reversal strategy"

"so for a bullish example we're here on the aussie dollar and if price was right here what would be our next step our next step would be to put a horizontal line on the lowest price that price made i guess you could say the lowest wick of a candle at this point i would not see this as a level of structure because we're kind of in this downtrend level of consolidation i want this level to break before looking for a new level for a possible counter trend or reversal trading opportunity"

"we want to see divergence on the rsi for a bullish trade that would mean that price is continuing to make lower lows while the rsi is continuing to make higher lows that would be an example of rsi divergence for a bullish trade when we are looking to buy"

"here now as an aggressive trader you may say okay i want to see some buying pressure i want to see some proof that buyers are taking control from this area you may wait a few candles until you see something like this you see a few green candles showing you that buyers are trying to take control from this level"

"so now you have a bunch of different confluence you not only have price in a level of structure that you see as major and that you expect a possible reversal from in the first place but you also have price excuse me have the rsi indicator has been oversold now created divergence and you also have buyers showing you they want to take control from this level"

"your trade may look something like this looking for a bounce back up to a previous level of resistance maybe you do two targets like me maybe you look for even higher targets back up here somewhere at previous support all of that is completely up to you"

"what if i told you that we can trade reversals with the trend i know that sounds like a crazy concept but on lower time frames we're going to have reversals while we're still in trend on a higher time frame"

"so let's take a look at a live example of this on the swiss yen on the swiss end right now what do you notice has just happened price is done what push higher broke up above a previous resistance level what do we now call this we now call this an uptrend"

"it's finding something like what i've just shown you throughout this entire video that can give somewhere between a 50 and let's say 60 chance to win with an average of above a 1.4 to 1 to let's say a 2.5 to 1 reward to risk ratio"