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GBPUSD LOSS

17th January 2019 contacttf

The term "currency trading" can mean different things. ... These articles, on the other hand, discuss currency trading as buying and selling currency on the foreign exchange (or "Forex") market with the intent to make money, often called "speculative forex trading".

I mapped out the Resistance point for the chart, all the back to the 4 hour time frame.

Trade did not work, and I got stopped out shortly after getting in.

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.