AUDUSD LOSS

AUDUSD LOSS
2nd February 2018 contacttf
The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

I mapped out a few support areas. Trade entry was taken on the fourth zone. The price bounced near to this.

I was in profit for a long time, but I did not close out.

The information from Steve Nison, is ‘Support becomes Resistance’. It would have been difficult to make a big winning trade because of the barriers.

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.

 

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