The price action was in a range during the last couple of periods. Made a reversal upon stopping out the positions, and almost breaking below the cloud lo.
Tenkan sen is below the kijun-sen, while price action itself is above the cloud hi, tenkan-sen and kijun-sen. Chikou span is caught in between tenkan-sen and kijun-sen, and clearly above the cloud hi.
The forward ichimoku cloud is bullish, and conservatively thick.
The view forward is bullish. Position established.
Stop loss is a distant away from cloud lo.
Depending how price action reveals itself, will trade accordingly.
No comments:
Post a Comment