USDCHF BREAKEVEN

USDCHF BREAKEVEN
31st May 2018 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.

Very poor trade all round.

The entry was too far away from my stop.

The RSI was not clearly defined.

My exit was closed manually.

I felt vulnerable so I decided to get out at breakeven. Just.

After trade analysis

If I was still in the position though, I would have been in profit.

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”.

 

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