Friday, September 14, 2012

EURUSD Ichimoku Strategy (Long) update


























This continued from previous post.

Currently left with only 1 position in EURUSD.

Price itself has been trending upwards. From the tenkan-sen and jikun sen, while they have diverged, the divergence seem to keep in tact.

Technical (Ichimoku)

Everything set in place. It is uptrend.

Strategy (Ichimoku)

Could only look for price itself retracing to the top of the kumo cloud, or when tenkan-sen and jikun-sen converge.

If looking for short, may consider adding stochastic or RSI as alternative indicators, the divergence of tenkan-sen and jikun-sen can be use as a compliment to the over 70 level is stochastic and RSI.



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