Looking at 4H chart, UJ Kumo currently doesn't show new low. Believe the bearish is weak at 4H.
Trade Idea : Taking risk. Suggestion here not following Ichimoku Strategy. Enter long at 81.40, SL at 81.00.
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, 29 April 2011
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