USDCHF: If you look at the weekly, and go back a few years, it's evident that when RSI is close to being overbought, it drops, dramatically! I have circled these points.
The key here is to wait until the day/week closes to see where we stand. Very rarely in the past few years has it broke from this region, so this remains a strong resistance.
You can break it down as you go into the lower timeframes, but this is big picture.
If this was helpful, hit the like button.
The key here is to wait until the day/week closes to see where we stand. Very rarely in the past few years has it broke from this region, so this remains a strong resistance.
You can break it down as you go into the lower timeframes, but this is big picture.
If this was helpful, hit the like button.