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CADJPY PROFIT

27th February 2019 contacttf

The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

I took another attempt at shorting the pair.

The sentiment was down, and according to my charts, indicators are in sync until 1 day. This is a strong indicator for a drop.

Trade closed at previous resistance, which is now support.

In the forex market, think of money as a commodity, you are buying a currency hoping that its value will increase, and if you are selling you are betting that it will decrease. ... Instead the forex market is an interbank market, which means it's all connected together in a network of banks and institutions.