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.
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.
As of 14/9/2012 EJ already broke 1st target. Let's see whether EJ can surpass the 2nd target.
ReplyDelete24/9/12; EJ has formed a new higher high. Now we are looking for higher low. Refer to next chart for review. Our 2nd target in this chart cancelled.
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