USDJPY BREAKEVEN

USDJPY BREAKEVEN
16th November 2016 contacttf
USD/JPY Pivot Points Charts, US Dollar/Japanese Yen, Support, Resistance, Intraday (Hourly, 4 Hours), Short Term (Daily), Medium Term (Weekly), Long Term

I having been grappling with this trade for some days. Charts line up, but the 1 day was showing strong bullish on RSI.

I do not put much weight into long term charts, because I trade short term cycles.

Key mistake I made was there was no clear resistance points on this trade.

I closed breakeven.

A pivot point is a technical analysis indicator used to determine the overall trend of the market over different time frames.

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