Continued from previous forex blog. Price action started to drifted lower since the last blog for USDCHF. Added another position when the price action pulled back to kijun-sen.
Forex Technical Analysis (Ichimoku Charting)
Tenkan-sen, kijun-sen and chikou span are all in the bearish territory. Together with the forward bearish kumo cloud, it provides strong resistance to the price action.
Forex Trading Strategies (Ichimoku Trading)
Kijun-sen or the cloud lo are favorable positions to add on more shorts with stop loss above the cloud hi.
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