This is a quick update and review of an already running trade.
Will be a short one as all looks fine to hold the position, the price action is very promising.
Daily: MACD, Slow Stoch bullish, even DMI-ADX is slowly turning to bullish.
Kijun Sen has been trying to act as first key resistance for the last three days, but will likely be crossed soon. In fact for some Ichimoku followers this would be a next signal to add more longs (I trade with different money management myself). If Price moves higher, it can quickly reach the equilibrium between 311,15-312.
4 Hrs: Pull backs are so small, that don't even penetrate Kijun Sen. Everything is above Kumo, where the sun keeps shinging for the Bulls. DMI started to widen, and SLST is turning up again. The only thing we have to do is to trail the stops touch below the entry now. The worst from now is that we don't make money on this trade. The best? Well, as Mr. Richard Dennis once said: "Expect the unexpected...". On financial mkts everything is possible.
Will be a short one as all looks fine to hold the position, the price action is very promising.
Daily: MACD, Slow Stoch bullish, even DMI-ADX is slowly turning to bullish.
Kijun Sen has been trying to act as first key resistance for the last three days, but will likely be crossed soon. In fact for some Ichimoku followers this would be a next signal to add more longs (I trade with different money management myself). If Price moves higher, it can quickly reach the equilibrium between 311,15-312.
4 Hrs: Pull backs are so small, that don't even penetrate Kijun Sen. Everything is above Kumo, where the sun keeps shinging for the Bulls. DMI started to widen, and SLST is turning up again. The only thing we have to do is to trail the stops touch below the entry now. The worst from now is that we don't make money on this trade. The best? Well, as Mr. Richard Dennis once said: "Expect the unexpected...". On financial mkts everything is possible.
