Exploring the Forex Trading Universe
EURUSD, H4 Chart, 03/01/13 @22:30 GMT
On ICHIMOKU KINKO HYO Trading System, we see strong Bearish Kumo BREAKOUT where the price just fell off the cloud (KUMO) and we see TENKAN SEN (red line) and KIJUN SEN (blue line) on a Bearish Crossover as well, Chinkou Span (green line) falling like a rock (just like price) well below price action which is a confirmation for trend’s downward direction. Leading KUMO shows that we can expect a bearish rally to follow.
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