EURCHF PROFIT

EURCHF PROFIT
18th October 2017 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.

Trade entry was made when price hit mapped resistance zone.

My stop was just above 1.15700. Price did eventually hit this number, and went down to 1.15550

Not the best return in the world, I moved my stop below breakeven. I am even on the day.

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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