AUDUSD LOSS

AUDUSD LOSS
12th February 2018 contacttf
The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into “one look equilibrium chart”.

I got into the trade within a 3 min appraisal. This was not enough, and should never have pressured myself into the trade.

Trade ultimately failed. I had plenty of opportunities to close out. 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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