Saturday, December 1, 2012

EURUSD Ichimoku Strategy since 21-Nov-2012 #3

























Continued from yesterday's post.

Have added another long position when price action retraced back to where the tenkan-sen.

Ichimoku Technical

Looking forward, tenkan sen and jikun sen are converging, with a higher and thicker kumo ahead. Price action is anticipated to have consolidation around 13000 and above 12970.

Ichimoku Trading Strategy

Depending how the price action unveils itself, long position preferred. Can look to establish long position near the tenkan sen level, or when tenkan sen and jikun sen meet.



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