USDJPY BREAKEVEN

USDJPY BREAKEVEN
6th October 2017 contacttf
#investment #analysis #currencytrader #priceaction #investor #knowledge #banking #exness #moneymanagement #forexlife #forexquote #xm #stacking

The shift in thinking, to map out the resistance/support areas in advance, is helping me to stay focus, and clear.

I closed the trade using intuition and gut feel [The resistance zone was mapped via the candle wick, but not confirmed using Ichimoku Sen]. This is not sound reasoning, but I like to see price drop quicker.

After trade analysis
I was correct, trade would have been a loss

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.

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