tradingfields.com > AUDUSD > AUDUSD LOSS

AUDUSD LOSS

AUDUSD LOSS

16th June 2017 contacttf

The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength.

I was correct in getting into the trade. The price was moving down, until news stalled the price movement.

I hope to get back in higher. Just waiting on the choppy market to subside.

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.

16th June 2017

Categories:AUDUSD

Tags:AUDUSD, loss

0 Comments

0 Comments

Leave a reply Click here to cancel the reply