GBPUSD LOSS

GBPUSD LOSS
4th August 2017 contacttf
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.

The outlook is clear, after getting stopped out twice before, I will normally enter again a maximum of 3 times.

Trade did not work out, I was on the wrong side. I will not be chasing #gbpusd again.

 

The relative strength index (RSI) is a momentum indicator developed by noted technical analyst Welles Wilder, that compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security.

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