EURGBP PROFIT

EURGBP PROFIT
6th October 2017 contacttf
The Ichimoku Cloud is an indicator designed to tell you everything you need to know about a price trend, including its direction, momentum, dynamic support and resistance levels, and even trade signals. The Japanese name—Ichimoku Kinko Hyo—means “one look (or glance) equilibrium chart.”

I marked the resistance area 2 hours previously.

The price ripped through this zone, so I waited for a turn in price.

My stop is above 0.89700. My entry was slightly below this.

I do not expect a big move, so I am expecting to take profit when possible.

I may have been a little hasty closing the trade.

I will get back in, if price hits previous high. #eurgbp #fx $fx

All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal point. A pip or percentage in point, is the smallest increment of trade.

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