Monday, July 22, 2013

Ichimoku Trading Strategies AUDUSD 16-July-2013 #2























We continued our update from the previous ichimoku blog post.

Established another position as tenkan-sen cut above kijun-sen a couple of periods back.Stop loss level remains below the kumo cloud. It was about the same time the kumo cloud turned bullish.

Technical Analysis (Ichimoku Charting)

Looking ahead, it would be desirable that kijun sen and chikou span cut about the kumo cloud. As chikou span still below the recent high @ 9300 level, that would be a level to watch out for.

Trading Strategies (Ichimoku Trading)

May continue to establish long as the price unveils with stop loss below cloud lo level. Watch out for reaction at around 9300 level.

Singapore Ichimoku Trader




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