EJ making a big move. Maybe due to powerful fundamental news on weak USD. Anyway, the chart tell us the situation in advance.
Trade Idea : Traders may want to take partial profit while let the rest ride the wave. Next entry could be taken once EJ made a few new peaks and troughs.
Happy trading.
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, 5 May 2011
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