TA is still a good guide nonetheless. My experience from using RSI is that it does work with the exception in a true breakout it becomes less useful. This is the rare event of a breakout in a currency I guess. Back in March the RSI was >90 but it still kept going higher so that should have been a clue something was afoot.
Seems like for the currencies that I trade the 2-hour SMA works pretty well except for the Euro which gets congested quite often like it did last month.
I have deleted all indicators 2 decades ago. I remembered in those weeks/months, I kept on thinking shall I keep the indicators? shall I delete it? shall I keep the indicators? shall I delete it? shall I keep the indicators? shall I delete it? shall I keep the indicators? shall I delete it? shall I keep the indicators? shall I delete it? shall I keep the indicators? shall I delete it? .... Until one day, I decided decisively to delete all indicators from my charts. anyway, you have to experiment with various indicators / no indicators / TA / PA and see which best suits you.
USDJPY This pair has been on a bullish run for months and every time I have tried to sell it I always get stopped. Now I am only looking for short term 4 hour pull backs to continue the buys. Targeting the previous highs each set up. This set up is a short term drop down in to a daily FVG looking for Price action during London open tomorrow. Keep a close eye on market structure and remember key entry and price action will be needed. What do you think of this pair at the moment? Let me know what you think of this set up.
USDJPY became a "sell" for me six hours ago when if fell below 143.46, the general level or region it was "playing with" yesterday.