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.
Labels:
forex ichimoku,
ichimoku,
Ichimoku Charting,
ichimoku cloud,
ichimoku kinko hyo,
Ichimoku Strategy,
ichimoku trader,
ichimoku trading
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