GBPJPY LOSS

GBPJPY LOSS
7th December 2017 contacttf
The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

My trade entry was based on the resistance using the 15 min chart.

Trade did not work as expected.

The RSI on the 15 min chart do not line up, and the cloud on the 1 min chart was in neutral position.

My trade entry was based on the resistance using the 15 min chart.  Trade did not work as expected.  The RSI on the 15 min chart do not line up, and the cloud on the 1 min chart was in neutral position.

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