EURUSD PROFIT

EURUSD PROFIT
11th October 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”.

EURUSD SELL/SHORT. The price has overshot the previous resistance 1.18327.

I am in, at a higher level. My stop is above 1.18600 round number.

Trade closed profit. I kept moving my stop down to lock in profit, this move was little too aggressive.

I am happy with the outcome, this was a 5 min chart trade.

DEFINITION of 'Tenkan-Sen' The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*