EURCHF LOSS

EURCHF LOSS
8th February 2019 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.

There was not much by way of trading opportunities today.

After a few hours of price cycle, this position developed.

The chart is indicating buy, all the way to the 2 hour chart.

Trade did not work, but I am very interested in, having another go.

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”.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*