An update from previous ichimoku blog post.
A new high had established since last ichimoku blog post. However, price action formed a retreat after establishing new high.
Technical Analysis (Ichimoku Charting)
Tenkan-sen cut below kijun sen, and chikou span is now into the kumo cloud. Price action itself is into kumo cloud too. The forward bullish cloud is everything but encouraging due to its thinness.
Trading Strategies (Ichimoku Trading)
Stop loss level below the cloud will provide minimal risk if position on the long is established now. Short players may add on or establish position when price trades below the cloud with stop loss above the cloud. Maintaining my existing positions. Price itself will let you know if you are right or wrong. Manage the risk and let the profit grow when there is.
Singapore Ichimoku Trader Trading Forex
ForexTrendy is an advanced software capable of recognizing the most PROFITABLE continuation chart patterns. It scans through all the charts, on all time frames and analyzes every prospective breakout.
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