Entry: Buy Market 1.2920, Buy Stop 1.2935
Reason for Trade/Setup:
The first trade was a buy market. It was taken because all the ichimoku chart indicators point to buy/bullish. Tenkan-sen above kijun-sen, both above the ichimoku cloud. Chikou span also crossed above the ichimoku cloud again after drifting into the cloud earlier.The forward cloud was also reflecting bullishness. Price itself also above the Tenkan sen, and reflecting new high in the recent moves.
The second trade was of similar ichimoku trade set up, addition to it was the reference of the most recent high as an entry level.
Initial Stop: 1.2900, 1.2905
Initial Target: 1.3020, 1.3025
Outcome: Choppy. There was not much movement for the night.
Exit: Time to sleep.
Profit/Loss: +21 +6