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GBPUSD LOSS

17th January 2019 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.

I took another entry. My final trade, because I do not attempt anything more than 3 times. I do this to avoid getting emotional linked to position.

Anyway, I got stopped out again.

It looks like price wants to go up further, with a resistance at 1.30013.

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.