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EURNZD LOSS

5th April 2019 contacttf

The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

I made a silly mistake today. I took a trade off the 5min chart, instead of 1min.

I was waiting patiently for price to clear the flat cloud, only to realise that 1min had significant amount of flatness (if that is a word) on the Senkou A and B.

This was poor and I got stopped out.

Note to self, be more vigilant.

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.