EU already broke the Resistance 1 on weekly chart. This a good sign of bullish trend is continue.
On daily chart we can see EU nicely broke previous peak in 22nd Mar 2011.
On 4H chart EU moving out from 4H range trading (Flat trend).
Trade Idea:
Recommend to wait for correction before long. Recommend to make entry at 1H time frame. Not recommend for short/sell trade.
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.
Thursday, 7 April 2011
Subscribe to:
Post Comments (Atom)



No comments:
Post a Comment