Friday, November 30, 2012

EURUSD Ichimoku Strategy since 21-Nov-2012 #2

























This is an update from previous post.

Ichimoku Technical

After the earlier up move above the kumo cloud, price action retraced back to near the jikun-sen, now above the tenkan-sen. The thick kumo cloud ahead provides the support to keep the price level up. All ichimoku trading signals give a good uptrend momentum.

Ichimoku Trading Strategy

Continue to see opportunity to establish long positions when price action retrace to tenkan-sen or jikun-sen. Stop loss level to be below cloud.




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