2) SL-20, TP-500, Trailing stop-10, Step-2;
or SL-20, TP-10, Trailing stop - 0;
Auxiliary indicator RSI.
The Relative Strength Index indicator (Rus. Relative Strength Indicator, abbr. RSI) - refers to the cascade of oscillators, demonstrates to traders the relative changes between the highest and lowest prices of a financial asset, it is used to identify overbought and oversold areas. In trading strategies, financial market participants use the index as a trigger for determining the optimal area of entry and exit. Overbought (overbought) and oversold (eng. Oversold) is a market scenario in which the demand for a financial asset unreasonably pushes the price to a level that is not justified by fundamental reasons. As a result of this scenario, the currency pair becomes vulnerable to turning the price into a reverse trend. At a fundamental level, a trading instrument is overbought or oversold if the demand for an asset is embedded in the current price based on the expectations of market participants.