EURGBP PROFIT

EURGBP PROFIT

15th February 2019 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.

There was not much in the way of trading opportunities today.

I had a very short term interest in EURGBP. The charts were not looking great beyond the 15 min chart.

Taking this into consideration, I wanted to get in, and out, as quick as possible.

Trade closed with 1:1 risk. That is not a great return, but I am happy getting in the green zone.

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.