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USDCAD LOSS

USDCAD LOSS

2nd September 2017 contacttf

The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

The charts looked right, and the patterns seemed correct. The risk/reward was very good.

I got in, with the intention of getting in again, if I get stopped out. Note, the Kumo was not correctly aligned.

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.

2nd September 2017

Categories:USDCAD

Tags:loss, USDCAD

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