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EURCHF LOSS

6th July 2017 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”.

5 min chart was not perfectly lined, but the EUR overall looked overbought to me.

I took the EURCHF trade because EURUSD has alot of data pending.

Trade did not work, I got stopped out.

The Ichimoku Cloud is an indicator designed to tell you everything you need to know about a price trend, including its direction, momentum, dynamic support and resistance levels, and even trade signals. The Japanese name—Ichimoku Kinko Hyo—means “one look (or glance) equilibrium chart.”

EURCHF LOSS

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EURCHF LOSS

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