Monday, December 10, 2012

GBPUSD Ichimoku Trading since 21 Nov 2012

























Continue update from previous post.

After establishing the positions earlier, price action made a move upwards, and began to pull back to below the jikun-sen.

Established another long position when the price traded near the kumo cloud hi.

Technical (Ichimoku)

Price action remains above the kumo cloud, with tenkan-sen crawling to climb over the jikun-sen. Chikou span has remained in the bullish region by maintaining above the jikun sen.

Strategy (Ichimoku)

Opportunity to go long with price action above the kumo cloud. Price level to look at when tenkan-sen cuts above jikun-sen. or near the kumo cloud high. Placed stop loss below cloud lo.




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