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When markets have no clear direction and are ranging, you can take either buy or sell signals like you see above. The RSI can be used equally well in trending or ranging markets to locate better entry and exit prices. It is a good practice to use this indicator with other indicators if you are a forex beginner so that you will be able to make the right interpretation. We have solution here too for you. In keeping with the idea that simple is best, there are four easy indicators you should become familiar with using one or two at a time to identify trading rsi indicator forex pdf and exit points: Trading with Moving Averages One of the best forex indicators for any strategy is moving average. This fact is unfortunate but undeniably true. The moving average is a plotted line that simply measures the average price of a currency pair over a specific period of time, like the last days or year of price action to understand the overall direction.

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