EU long term is in bullish. EU mid term is mix with bearish at 4H TF but bullish at 1H TF. Applied Heiken Ashi candle to the average price movement.
Trade Idea : Enter long when EU close above Supply Line as indicate in chart 1H & 4H. Enter short when EU close below Demand Line. Don't forget to apply SL.
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.
Wednesday, 18 May 2011
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