Ichimoku Shows EURUSD Fall May Mimic Earlier GBPUSD Drop
Ichimoku is followed by traders all over the world because once the cloud highlights a new bias, trends are likely to stay in place for a nice continued move.
Ichimoku is followed by traders all over the world because once the cloud highlights a new bias, trends are likely to stay in place for a nice continued move.
The EURUSD has declined as much as 867 pips since February. As the pair approaches new lows, traders prepare for the next breakout opportunity.
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The Euro continues to be one of the markets weakest currencies.Traders can use momentum analysis to better time future scalping opportunities.
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Traders soon find out that in a market of infinite opportunity, account capital is the only thing that is finite and Ichimoku can help manage the risk.
The GBP has been in a state of decline for 2013. With CPI being released on Tuesday, traders will await the announcement to determine market direction.
Summary: Risk management is an important skill for every trader to master. Today we will approach containing Forex risk using the 5% rule.