GBPUSD LOSS

GBPUSD LOSS
27th March 2017 contacttf
The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

I was chasing the trade.

The charts were lining up and I used the the hourly pivot points and resistance on 1 day to get in.

Trade did not work out, this was compounded by the bad entry on the RSI [1 min] at 50. I usually like to get in near the 60 zone.

Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

 

 

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