This was pertaining to trades established quite some time ago, and referencing to the most recent post made about shifting stop loss level below the kumo cloud.
Currently, there is no EurUsd position. However am looking to build position for the EurUsd.
There is a thick cloud ahead that works either way for the price itself. If price is above the cloud, we could said the trend is reversing with a good support. Similarly, if price fails to penetrate above the cloud, the cloud level is providing good resistance to price itself.
It could be a long or short looking ahead.
Some trading idea based on ichimoku trading concepts:
To go Long:
Build up position if price penetrated above the cloud.
Build up position if price retrace to around 1.2550.
Build up position when chikou span also traded above the cloud.
To go short:
Build up position as price goes below ki-jun sen.
Build up position when tenkan-sen cut below ki-jun sen.
Build up position around 1.2400, which is slightly below the kumo cloud.
ciao.
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