Monday, January 6, 2014

Ichimoku Trading Strategies EURUSD 02-Jan-2014 #1






















The very first post for 2014.  Executed a trade a couple of days ago.

Price action had been trending upwards in a very gentle manner, cutting below the kumo cloud during mid December 2013.

Price action cut below the kumo cloud again, with tenkan-sen and kijun-sen showing signs of diverting. Chikou span also about to cut below the kumo cloud then.

Position remains open with stop loss about the kumo cloud high.

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