Thursday, November 22, 2012

NZDUSD Ichimoku Strategy (Short) update

























This was an update to previous post for the kiwi.

Price action was choppy since the trade established some time ago. There was no momentum in the downtrend.

From the ichimoku charting itself, only tenkan-sen is over kijun-sen while below the kumo cloud. The cloud ahead is not too promising to be a good resistance to the price action itself.

Position closed out after assessing the price action and the surrounding environment.

No losses, except time in the position.


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