Thursday, August 7, 2014

AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #03



















Image: Oanda

Best Ichimoku Trading Strategy!

This short position was established end of last month, while the price action was still in the cloud. Price action has now moved below the cloud and sharply down in the recent move.

Tenkan-sen almost crossed above the kijun-sen but failed so. Chikou span remains below the ichimoku cloud and the forward cloud remains bearish, providing strong resistance to the uptrend of the price action if any.

Remain bearish, and await opportunity to go short if any.

3 comments:

  1. very nice trading and a very informative blog, thank you, is there anyway to contact you as i really would like to learn more on this type of trading, Ray from Cape Town, my e mail is monaghanmarine@hotmail.com

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