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.

Thursday, 5 May 2011

GBP/USD Analysis 2011-05-05

GU may move in sideway before making a big move.
Weekly : Bullish + Strong
Daily : Bullish + Retrace. Support at 1.6423
4H : Neutral. GU in Kumo and bounce before touching resistance line (red line) and may want to test support at 1.6423.

Trade Idea : Traders may want to wait breakout support or resistance or enter now with SL.

Wishing you best of luck.

Forex Ichimoku Trading Strategy

Thursday, 5 May 2011

GBP/USD Analysis 2011-05-05

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