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USDJPY LOSS

USDJPY LOSS

3rd January 2017 contacttf

The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

2 losses in a row.

The system was coherent. The trade did not work out this time. We move on to the next opportunity.

Developed J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

3rd January 2017

Categories:USDJPY

Tags:loss, USD/JPY

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