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USDJPY BREAKEVEN

25th July 2017 contacttf

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or Over The Counter (OTC) market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

The 5 & 1 min chart looked to line up. I took the entry, but my judgement was not clearly thought out.

I should have been more vigilant about the 1hr and 30min chart. These were showing strong upward trend.

I was fortunate to close out at breakeven.

The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into “one look equilibrium chart