As per mentioned in earlier post on NZDUSD, will take opportunity to close out or exit NZDUSD.
Looking at the tenkan-sen meeting the jikun-sen, had taken the opportunity to exit and close out all NZDUSD position.
Technical (Ichimoku)
Tenkan-sen and Jikun-sen converging and likely to have a cross over. Chikou span is also looking to first cut the tenkan-sen. Thick kumo cloud ahead translating a strong support or resistant depending how the price action react the way forward.
Strategy (Ichimoku)
Where there are signs for short, trend remains upward as long as price action above the kumo cloud. Aggresive short bias may start establishing short position with stop loss above the highest high between now to chikou span. Another opportunity to go short is when chikou span cut below tenkan sen, follow by price action cutting below kumo cloud.
Aggresive long may start to build position now with stops loss just below the kumo cloud low. Otherwise, wait till price action above the tenkan sen.
No comments:
Post a Comment