Friday, June 27, 2014

Ichimoku Trading Strategies 12-June 2014 #2























It has bee quite some time since the last post.

Price action has been quite choppy during the past couple of periods, moving in and out of the kumo cloud.

Tenkan-sen, kijun-sen, chikou span have all cut above the kumo cloud, and the forward kumo cloud has just turn bullish and growing in thickness providing the support required for a bullish trend.

Price level 13652 would be a pivot point, or an important level to look at. That is the level where the current chikou span is below now.

Stop loss has been adjusted to protect the position.

1 comment:

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