As previous study, EU remain bullish at weekly, daily and 4H chart. Target at 1.4611 as partial profit taking remain as it is. EU has the possibility to make bearish retracement before continuing to the immediate partial profit target. EU still moving in bullish uptrend channel.
Trade Idea :
No recommendation on a short or long. Wait and see either it can reach partial profit target area or not.
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.
Wednesday, 13 April 2011
Subscribe to:
Post Comments (Atom)

Technical analysis of forex market is very necessary for the traders during forex trading. MCX Tips are obtained from deep analysis of commodity market by having good knowledge of market.
ReplyDelete