Wednesday, October 15, 2014

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 15-Oct-2014





Image: Oanda


TRADE

Date: 15-Oct-2014

Entry: Buy Market 1.2668, 

Reason for Trade/Setup: 

All ichimoku indicators showed a buy signal, from tenkan sen and kijun-sen above the cloud, and chikou span also above the cloud.

Initial Stop: 1.2630

Initial Target: 1.2790

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action moved upward sharply. Hitting the target level around an hour time.

Exit: Target hit @ 1.2790

Profit/Loss: +122 pips

THOUGHTS

The price action upwards was assisted by the news. On hindsight, could have set a higher target.

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