Thursday, August 7, 2014
AUDUSD Ichimoku Forex Trading Strategies 29 Jul 2014 #03
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.