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.

Saturday, 18 June 2011

EUR/USD Analysis 2011-06-17

EU currently below Kumo and KS, thus our next trading is selling EU pair. EU moving in bearish channel on daily chart.

In 4H chart we can clearly see EU reached the upper bearish channel line and also touched 61.8% fibo number. Probably this is a strong indication of EU in overbought.

Trade Idea : Recommended shorting EU when bearish candlestick pattern appeared. Probably bearish engulfing in 4H chart.

Happy trading.

Forex Ichimoku Trading Strategy

Saturday, 18 June 2011

EUR/USD Analysis 2011-06-17

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