EURUSD BREAKEVEN

EURUSD BREAKEVEN
30th March 2017 contacttf
The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

All charts line up. I thought I missed the opportunity earlier. The news was imminent, so I stayed out. As it normally happens the price came back down just after the news. There was not a clear resistance on 1 day chart, so I looked at pivot points instead.

I took the trade based on my RSI entry signal, the price popped up. When this happens, the price just keeps moving in that direction.

Thereafter, price came down 3 times from a profitable position, and I almost got stopped out.

My system allows me to make a quick profit, so sideways movement, is a warning that I may be on the wrong side. I manually closed breakeve when price moved back up.

After trade analysis
The price is in a range [10-30 pips].

Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

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