EURGBP LOSS

EURGBP LOSS
7th July 2017 contacttf
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.

Today is the 1st Friday of the month, the non-farm payroll data is out. Because of the market volatility, I do not like to trade during this period

I took an opportunity to get in after the 9:30BST manufacturing data.

EURCHF and EURGBP were on my watchlist.

I missed the opportunity on EURCHF, so I took up EURGBP.

In hindsight, the cloud was too deep, I should not have taken the trade.

The Ichimoku Cloud is an indicator designed to tell you everything you need to know about a price trend, including its direction, momentum, dynamic support and resistance levels, and even trade signals. The Japanese name—Ichimoku Kinko Hyo—means “one look (or glance) equilibrium chart.

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