EURCHF PROFIT

EURCHF PROFIT
20th December 2017 contacttf
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or Over The Counter (OTC) market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

I was unable to map out a resistance line using the Ichimoku cloud.

I used the candlestick wick from the 2 hour chart to get a potential top.

Stop was moved down just above the cloud, to lock in profit.

Trade worked, although the drop was much less than expected.

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.”

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