EURCHF LOSS

EURCHF LOSS
15th May 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.

On reflection the trade and the opening was never there. The 15 min chart was not ideally positioned.

I was hoping for some pullback in price. A strategy, I have not been very successful with.

I will wait after the US data to get back into the market.

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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