GBPUSD Ichimoku Trading Forex Strategy 14-Oct-2015 1-2

TRADE

Entry Date: 14-Oct-2015

Entry: MKT BUY @ 1.5418

Reason for Trade/Setup:

Price action was already above the kumo cloud, and preceding action was a bounce from the top of the kumo cloud.Tenkan-sen, Kijun-sen and chikou span are all above the kumo cloud, showing strong bull interest, with the exception of tenkan-sen together with kijun-sen. The view is that the next move will be bullish.Stop loss is placed at below the kumo cloud.

Initial Stop: 1.5200, shifted to 1.5470

Initial Target: 1.6083

INTERMEDIATE COMMENT

Shifted stop to 1.5470, due to divergence between tenkan-sen and kijun-sen.

RESULT

N.A

THOUGHTS

Will have to see how the price unveils itself

kuraudotrader