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.

Tuesday, 14 June 2011

GBP/USD Analysis 2011-06-14

Long term (Weekly chart) has shown that GU in critical situation whether GU continue it bullish or make a bearish reversal.

In mid term (4H Chart) GU move in downtrend channel. A new lower high is yet to be seen. GU in Kumo and can consider a neutral position until it exit Kumo.