USDCAD LOSS

USDCAD LOSS
5th February 2018 contacttf
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This was one of my poorest entries. It is quite amazing, to still make silly mistakes with all the years of experiences.

1. I was on the wrong side of RSI, it was touching the lower band.
2. The cloud was flat.

Trade did not work this time, I will get back in if the opportunity allows.

The Ichimoku Cloud is an indicator designed to tell you everything you need to know about a price trend, including its direction, momentum, dynamic support and resistance levels, and even trade signals. The Japanese name—Ichimoku Kinko Hyo—means “one look (or glance) equilibrium chart.”

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