Refer chart for reference. GU remain mid term bearish.
Crude Oil Weekly Chart.
Trade Idea : As crude oil remain in retracement phase, I believe Pound will follow the crude oil trend.
Happy trading. Wish you lot of profit.
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.
Tuesday, 10 May 2011
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