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USDJPY PROFIT

USDJPY PROFIT

29th September 2016 contacttf

The Ichimoku Kinko Hyo charting system, which translates to "equilibrium at a glance chart", was developed by Goichi Hosoda, a Japanese journalist, who wanted to build a system to allow a trader to quickly and easily appraise trend, momentum, and support and resistance levels. He began developing the system before World War II and it was published in 1968, after over twenty years of testing.

I had a decent entry into USDJPY, at resistance levels.

I closed out because I felt price was over extended against both Sen lines, and the cloud had a strong horizontal line. I also need to leave me desk soon, so I manually closed.

The Ichimoku chart is made up of five separate elements which are designed to be considered together as a complete picture to provide a perspective on the equilibrium of the current price.

29th September 2016

Categories:USDJPY

Tags:profit, USD/JPY

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