Low Risk High Reward Setup with RSI BULLISH DIVERGENCE
The analysis is on how to create a low risk high reward trade with RSI being a key indicator,together with previous broken resistance line now acting as a support.
If the price slope of the stock is negative (bearish) and the RSI slope is positive (bullish) it is an indication (RSI BULLISH DIVERGENCE) of the reversal in the price of the stock.With the previous broken resistance line which will be the demand zone of the buyers a long setup can be created with the stoploss just below the confirmation bullish candle at the close of the day.
My name is Ragav follow me for more educational as well as strategical ideas.
If the price slope of the stock is negative (bearish) and the RSI slope is positive (bullish) it is an indication (RSI BULLISH DIVERGENCE) of the reversal in the price of the stock.With the previous broken resistance line which will be the demand zone of the buyers a long setup can be created with the stoploss just below the confirmation bullish candle at the close of the day.
My name is Ragav follow me for more educational as well as strategical ideas.
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