GU long term is in bullish channel trendline. Trader may want to make entry according to long term trend.
Trade Idea : As GU touching the Kumo at daily TF, she may wants to make a rebound. Put pending buy order above recent peak at 1H TF or wait GU breaks and above KS at 4H TF. Don't forget to put SL in case GU wants to continue bearish.
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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My buy stop not yet trigger. As resistance look strong, I would like to differ my entry position. Refer my next entry.
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