Tuesday, September 30, 2014

USDCZK Short term Ichimoku Best Forex Trading Strategy 23 Sep-2014- #01




Image: Oanda


TRADE

Date: 23-Sep-2014

Entry: Buy Market 21.3505 

Reason for Trade/Setup: 

Buy near the ichimoku cloud high level with stop loss below the ichimoku cloud low. General trend was upwards. Supporting elements included tenkan-sen above kijun-sen and above the kumo cloud high, chikou span also above the kumo cloud high. Kijun-sen was within the cloud and price action was between tenkan-sen and kijun-sen.

Initial Stop: 21.2000

Initial Target: 21.8000

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action continued its move upward, with support along tenkan-sen along the way.

Exit: Exit @ 21.8000

Profit/Loss: +4495 pips

THOUGHTS

N.A

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