Friday, July 27, 2012

EURUSD Ichimoku Trading Strategy (Short) stopped out

























All positions closed out.

These trades had started since early July with positions added on in between.

The bullish candle form earlier has penetrated into the kumo cloud.

While Chikou Span cut above the tenkan sen and jikun sen, tenkan sen had yet cut the jikun sen.

As mentioned in the earlier post, bull believers might choose to take up positions. Taking note of the thick cloud, its takes strength and momentum for the price action to pierce through.

It might be worth considering to stay put taking no position for the next few days while waiting for the price action reveal more.


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