CADJPY Ichimoku Trading Forex Strategy 24-Aug-2015 1-1 Review

Image: Oanda

TRADE

Entry Date: 19-AUG-2015

Entry: Sell LIMIT @ 0.9465

Reason for Trade/Setup:

On 17-Aug-2015, Examine the ichimoku charting and price action. Opportunity arose, tenkan sen below kijun sen, turning below the kumo cloud. Chikou span also present a signal to go below the cloud. Placed a sell limit order below previous low.

Initial Stop: 0.9610

Initial Target: 0.9200

INTERMEDIATE COMMENT

N.A

RESULT

Exit at Target level +265 pips

THOUGHTS

CADJPY moved lower due to strength in JPY. May have be better.

kuraudotrader