GBPJPY LOSS

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GBPJPY LOSS
GBPJPY LOSS
7th December 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 back into the same trade again.The cloud looked favorable.

I was expecting price to drop below resistance quickly.

The trade did not work. I will not get into this again, because of the RSI setup.

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.

 

 

7th December 2017
Categories:GBPJPY
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