Monthly Archives: July 2010

Ichimoku Currency Forex USDJPY Trade Setup: 7-8-10

Posted on July 8th, 2010 by

USDJPY looks like it is setting up for a bullish counter trend strategy. The weekly is just consolidating and has formed a triple bottom already. On the daily, our entry will be above the tenkan sen. The goal is to trade it to the Kijun Sen. To keep our risk low, we are going to trade off a 120 minute timeframe. If you would like the risk even lower than what we choose, go to a lower timeframe.

Here is the chart:

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