EURCHF BREAKEVEN

EURCHF BREAKEVEN
26th January 2018 contacttf
The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile indicator that defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Ichimoku Kinko Hyo translates into “one look equilibrium chart”.

I was able to get into the trade again.

The price went lower and hit the candlestick wick (3 hour chart). I could see a clear entry for a quick price rise.

Trade was in profit soon after, but there was enough pips for me to get excited.

I closed trade manually, because price seem to stagnate.

The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

 

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