Friday, October 5, 2012
EURUSD Ichimoku Strategy (Short) stop out
Update on the current EURUSD position.
All short positions stopped out.
Tenkan-sen above jikun-sen, chikou span has already cut above jikun-sen, and penetrating above the kumo cloud.
Thick kumo cloud ahead, providing good support to the price action forward
Price action trading above the tenkan-sen and kumo cloud, a complete candle period above the kumo cloud.
This is good to go for a long set up, cannot be more perfect.
Establish long position above the kumo cloud, with stop loss level below the kumo cloud.
NOTE: as this run up was after the First Friday "news" day, I would wait for Monday to go long. Aggressive takers may choose to establish position now.