GBPJPY LOSS

GBPJPY LOSS
6th September 2017 contacttf
DEFINITION of 'Tenkan-Sen' The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.

I still believe in the outlook of the trade, so I got back in at the next opportunity.

Trade was in profit for a while, before a quick spike at 15:00 BST, which closed my position for a loss.

CAD and USD (Critical) data created the flux in price action.

In hindsight, I should not have trade just before the news.

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.

0 Comments

Leave a reply

Your email address will not be published.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

*