How to Define Entry Trading Level Using RSI Forex Indicator

Using forex technical indicator can be very difficult and very confusing. Here in this article I want to share one of the most basic method looking entry trading level with Relative Strength Index indicator. RSI forex indicator one of the most used forex technical tools. This forex trading indicator goes bullish and bearish inside the range between 0 - 100. When the Relative strength index forex trading technical indicator touches 70 level or 30 level, it is defined an extreme movement and we can give assume that the market can be move reversal. Let me explain simple how to open trading position using this RSI trading signal. And if you want to know about RSI Relative Strength Index technical indicator more deeply you can search it in this website. First we put RSI forex indicator on hourly time frame chart, and set this technical indicator to 14 periods (this is the default setting for Relative Strength Index indicator). Open a buy trading position when the market price break the 70 level and then reverse back below 70 then you can open long trading position. Open a sell trading position when the market price break the 30 level and then reverse back above the 30 level then we can open long trading position.