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Ichimoku Analysis – GBP/USD – 5/2/2010
Ichimoku Analysis on GBP/USD
5m: Bearish – Price retrace and try to retest Kijun after Tenkan has cross Kijun earlier.Wait to enter short after price fail to retest Kijun.
15m: Bearish
30m: Bearish – Price retrace and try to retest Tenkan.
1h: Strong Bearish
4h: Strong Bearish
Daily: Strong Bearish
Weekly: Medium Bearish. Price try to break Kumo (cloud)
Action: Wait to enter [...]
Trade Idea: GBP/USD – Sell At 1.6060
By Actionforex
GBP/USD – 1.6021
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.5968
Kijun-Sen level : 1.6063
Ichimoku cloud top : 1.6268
Ichimoku cloud bottom : 1.6178
Original strategy
Sell at 1.6060, Target: 1.5860, Stop: 1.6105
New strategy
Sell at 1.6060, Target: 1.5860, Stop: 1.6125
Although the British pound has continued to edge higher after rebounding from 1.5850 (this week’s low) and correction of recent decline to 1.6063/64 (current level [...]
