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AUDUSD LOSS

14th December 2018 contacttf

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.

I got back into the trade because price deviated back down to my previous entry.

Trade was not successful, and my trade got stopped out short while after getting in.

I should have been better aware of pending news, which generally causes unusual price movements for me.

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or Over The Counter (OTC) market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.