USDCHF PROFIT

USDCHF PROFIT
11th October 2017 contacttf
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.

I got into the trade very late. I had enough opportunity to get in, with the cup pattern formation.

As the entry was not ideal, I decided to scalp the trade.

The words ‘Market chameleon’ springs to mind. The terms was coined by Steve Nison.

DEFINITION of 'Tenkan-Sen' The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.

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