CADJPY LOSS

CADJPY LOSS
27th February 2019 contacttf
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Oil price looks to have dipped significantly, but not reflected in this pair.

I made far too many mistakes in this trade.

1. My entry was in no mans land. There was no resistance for me to reference.

2. The cloud was flat (I have seen price go against me on numerous occasions with this outlook).

The Ichimoku Cloud is an indicator designed to tell you everything you need to know about a price trend, including its direction, momentum, dynamic support and resistance levels, and even trade signals. The Japanese name—Ichimoku Kinko Hyo—means “one look (or glance) equilibrium chart.”

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