Image: Oanda
Another Ichimoku Winning Trade for Forex!
Hope that you had read the forex blog the day before, cause the set up was rather similar for today's trade.
I had done a market sell @ around 1515hr. The basic principle, to sell below the cloud low. Of course, the overall ichimoku charting had reflected bearish for prolong period, with tenkan-sen below kijun-sen, and chikou span below the kumo cloud. The trade was done during office hours using mobile phone.
I placed another stop in trade at around or just before 2030h. There were news to be released at 2030h. Same trade set up the day before, placed stop in level below tenkan-sen. And there it went, price smacked down and the trade got triggered.
I had placed to close partial position at 13295 level, and target level with 3: 1 ration. Again, what we want is one thing, what the market is giving is another. Time to sleep, I square off the positions.
Using ichimoku charting for Forex gives one of the best forex trading strategy.
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