Established a new position in NZDUSD.
Technical Analysis (Ichimoku Charting)
Tenkan-sen cut over the kijun sen while below the ichimoku cloud. Chikou span has also cut above the tenkan-sen and kijun sen. The forward bearish cloud is turning bullish. More important, price action is cutting above the ichimoku cloud.
Forex Trading Strategies (Ichimoku Trading)
Established long position, with stop loss below the cloud lo(west). Things to note ahead will be chikou span cutting above the ichimoku cloud and price action maintaining above cloud hi.
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