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.

Sunday, 3 April 2011

EUR/USD Weekly, Daily and 4-Hours Analysis

EUR/USD (EU) is currently reached at two significant lines, resistance 1 and downtrend line. EU is above ichi cloud suggest the bullish trend still intact. Believe that trader may sell for partial profit while hold some open trade for long term target at Resistance 2. Refer chart below.