Monday, September 9, 2013

Ichimoku Trading Strategies NZDUSD 04 Sep 2013 #1























A trade executed few days ago on 04 Sep 2013 for NZDUSD.

At the time when the trade was executed, price action went into the ichimoku cloud from the cloud low. Tenkan-sen cut above the kijun-sen and chikou-span about to cut above the kijun-sen, coupled with a thick forward cloud.

Current price action above the ichimoku cloud, thick, meaning a strong support to the price action above the cloud. It will take more than just news to reverse the price action.

One may consider to add on more position with risk below the cloud lo.

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