As EJ already making a new higher high, we are now looking for higher low before we preparing ourselves to take a new trade. EJ may want to test 61.8% fibo.
Trade idea:
No trade until we see the formation of higher low. As EJ is above kumo then we only want to take long trade. We want to see EJ break tenkan sen then we ready to take a trade.
Let's see the next move.
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.
Monday, 24 September 2012
Sunday, 9 September 2012
GBP/JPY Technical Analysis 2012 09 09
GJ is above Kumo and we believe GJ will continue bullish. We already set our 1st and 2nd target. GJ also in 'Cup with Handle' pattern. A reliable pattern. Let's see how GJ doing next week.
Labels:
GBP/JPY Analysis
Gold Technical Analysis 2012 09 09
Weekly Gold Analysis.
Gold finally broke the triangle pattern. Our target will be at 1970.20. If price reverse in direction we will close our position manually. Let's see next week.
Gold finally broke the triangle pattern. Our target will be at 1970.20. If price reverse in direction we will close our position manually. Let's see next week.
Labels:
Gold
EUR/JPY Technical Analysis 2012 09 09
EJ broke the resistance. EJ now above Kumo and trend turned to bullish. We have two targets price as draw on the chart. Let's see whether our first target reach or not. Then follow by 2nd target.
Good luck.
Labels:
EUR/JPY Analysis
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