Losing trade 05.07.2016

Losing trade 05.07.2016
5th July 2016 contacttf
Kijan sen and Tekan sen cross.

I think this exchange is over stretched, so i decided to take a long trade, on USDJPY.

The bar popped up nicely after Kijun sen and Tekan sen cross.

Kijan sen and Tekan sen cross.

I was closed out due to the trade hitting the RSI 40 line [Standard settings, with adjusted high/low lines].

There are no news announcments during this period.

trading #fx #forex #charts #trader #wealth #money

USDJPY CLOSED LOSS [101.744 – 101.724] 0.02

 

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