Continued update from previous post.
As mentioned previously, price level to look at when tenkan-sen cut above the jikun-sen or near the kumo cloud hi. Price action never fell back to kumo cloud high, but opportunity came when tenkan-sen cut above the jikun-sen. Established another long position to the existing long positions.
Technical (Ichimoku)
All ichimoku signals favor a bullish uptrend. Tenkan sen cut above the jikun sen while above the kumo cloud, chikou span above the kumo cloud, jikun-sen, and most of all, looking to go above within the 26 periods high forward to the current price. The only not so favorable situation is the forward cloud is not thick enough. A thick kumo cloud would give strong support to the price action forward.
Strategy (Ichimoku)
If long, stay put. May want to look to long at tenkan sen and jikin sen level.
Not recommended to go short. If any, aggressive taker may want to short once tenkan-sen cut below jikun sen.
No comments:
Post a Comment