As mentioned on previous post, opportunities arise when below 13050. Price action accelerated downwards after the position established the day before. However, there was pulled back earlier during the US session. Established another short position.
Technical Analysis (Ichimoku)
Tenkan-sen and kijun-sen remained intact and on its way penetrating through the kumo cloud lo. Chikou span had cut through the cloud lo, but reversing back into the cloud region. Price action is now clearly below the kumo cloud lo. The Kumo ahead remains thin.
Strategy (Ichimoku)
Continue to remain cautious with the thin kumo cloud ahead. Very much is dependent on the price action activity at the thin cloud region. Any increase in position will be done gradually if there is any pull back in price action to near the kumo cloud lo.
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