EURGBP BREAKEVEN

EURGBP BREAKEVEN
11th July 2017 contacttf

The charts seemed to line up, but the RSI pink was slightly lagging. I took the trade anyway.

After the initial drift up, the price seemed to stagnate. My feeling was that the cloud may be a hindrance for price to go further.

I broke my system, and closed for breakeven.

After trade analysis
The price did go up to this point and dropped further down for another opportunity. 

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into “one look equilibrium chart”.

 

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