Ichimoku kinko hyo forex indicator can be traded in foreign exchange currency, stock exchange , futures and commodity. Ichimoku kinko hyo means one glance equilibrium chart. Ichimoku indicator forex can be traded alongside other forex indicators such as Relative strength index RSI indicator, MACD moving average convergence divergence Indicator. Ichimoku indicator is a powerful forex indicator on its own as it combines elements of support and resistance, time, volatility and sentiment of the market.
Indicator Ichimoku introduced by Goichi Hosoda a Japanese newspaper in 1968.
Kumo break Trading Strategy in Ichimoku indicator, Forex traders usually find to entry sell positions when market breaks support levels and entry buy positions when market price breaks resistance levels. A same strategy can be traded by going short when market price break below the cloud and going for long positions when price break above the cloud.
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Forex is simple follow the trend and you will rich.
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