GBPUSD LOSS

GBPUSD LOSS
6th September 2017 contacttf
The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

GBPUSD was on my radar for some time. The resistance was mapped out some time ago. The nearest round number 1.30800 was a few pips away. Trade taken with stop just above the this point.

Trade did not work, I got stopped out.

After trade analysis
Price hit stop and moved down considerably. I am unsure what the reason was. Like with many of my recent trades. My entry is wrong.

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.

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