EURJPY LOSS

EURJPY LOSS
16th June 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”.

The chart setup was not ideal. The price was not extended or away from the cloud, which is my go to setup.

the risk/reward seemed good, so I took the trade.

EURJPY did not work out as expected, so I am out for now. It will be on my radar for another higher entry.

#trading #miprimermillon #trendsoftrading #stocks

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