GBPJPY PROFIT

GBPJPY PROFIT
30th June 2017 contacttf
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. ... Instead, technical analysis can help investors anticipate what is “likely” to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.

This was a slight variant from my normal trade position. The shorter term trade was taken because price bounced off support and I could see a quick run up.

The RSI and 5 and 1 min chart were lined up.

Trade closed before my resistance zone. The Ichimoku cloud was enough for me to get out.

Since the forex is a 24-hour market, there tends to be a large amount of data that can be used to gauge future price activity, thereby increasing the statistical significance of the forecast. This makes it the perfect market for traders that use technical tools, such as trends, charts and indicators.

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