Good Morning, Traders! This morning I have come across a great example of an RSI
divergence trade. I do not personally trade on RSI
divergence alone, but this specific trade lines up with a daily level of structure. I know there are many traders that do trade on RSI
divergence alone, so I wanted to point out this opportunity and use this chart as an educational opportunity for anyone who is having trouble identifying RSI
divergence. As you can see on the illustration, the GBPUSD
is making higher highs as the RSI
indicator continues to make lower highs. We call this RSI
For more educational resources about trading check out my YouTube and Website.
YouTube: Type in The Trading Channel
in the search bar
Have a great trading day.