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GBPUSD LOSS

12th January 2018 contacttf

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I think there is a very good/risk reward potential.

I was looking at GBPJPY, but the 15 min RSI was not favorable. I opted for GBPUSD.

My biggest fear is this flat Ichimoku cloud.

I hope it strikes through, otherwise I will be stopped out.

In the forex market, think of money as a commodity, you are buying a currency hoping that its value will increase, and if you are selling you are betting that it will decrease. ... Instead the forex market is an interbank market, which means it's all connected together in a network of banks and institutions.