Image: Oanda
TRADE
Date: 30-Sep-2014
Entry: Sell Market 1.6217
Reason for Trade/Setup:
Tenkan-sen had crossed over kijun-sen, and below the kumo cloud. However, kijun-sen was in the cloud, and chikou span went into the kumo barely after it crossed below. Price action was below and the forward cloud was bearish. Took a position to short when price action near the tenkan-sen.
Initial Stop: 1.6450
Initial Target: 1.5528
INTERMEDIATE COMMENT
Price goes down. However, taking a long term position can be challenging. Profit could be wipe off when the market has a quick U-turn.
RESULT
Outcome: TBC.
Exit: TBC
Profit/Loss: TBC
THOUGHTS
N.A
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