Thursday, September 4, 2014
USDJPY Intra-day Ichimoku Best Forex Trading Strategy 03-Sep-2014
Entry: Sell Stop 104.95
Reason for Trade/Setup: Based on ichimoku charting, the overall price action for the USDJPY was bearish. The only bullish signal was Tenkan-sen above Kijun-Sen. Placed a sell stop below recent low at 104.95.
Initial Stop: 105.15
Initial Target: 104.35
Exit: Time to sleep.
Outcome: Price action drifted lower, in a very slow manner. Tenkan-sen cut below kijun-sen later on.
Profit/Loss: +6.5 pips