EURJPY BREAKEVEN

EURJPY BREAKEVEN
3rd November 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.

I got into this just after the turn. Trade was in profit, for some time.

Price just dropped unexpectedly. I could not see any resistance at 132.609 a the time.

After trade analysis
30 min chart  was where the resistance was. This was outside my radar. I am finished for the day.

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

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