Forex Ichimoku Trading Strategy

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.

Friday 8 April 2011

EUR/USD Analysis 2011-04-08

EU is moving to partial profit target. If EU reach this level, traders should take some profit and let the rest moving upward to Resistance 2 level. EU is above Kumo and TS > KS on weekly, daily and 4H chart.

Trade Idea:
Recommended to wait for another retracement next week before opening new long trade. Suggest to refer 1hour chart and make sure EU still above Kumo.

Forex Ichimoku Trading Strategy

Friday 8 April 2011

EUR/USD Analysis 2011-04-08

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