Candlesticks and Ichimoku Trade Ideas Performance Update

Although the greenback moved higher in early part of the week to as high as 91.28 (we entered long once at 90.00 and was exited at 90.22), the currency pair tumbled from there towards latter part of the week on massive risk aversion and our long position entered at 90.10 was quickly stopped out on the selloff to 88.55.

Th single currency recovered to 1.4027 initially last week but renewed selling interest emerged right below the Ichimoku cloud bottom dropped sharply from there on concerns over Greece fiscal problems. We had been looking to sell euro since the beginning of the week, however, we reverted to range trading in view of key economic event on Thursday and Friday, no position was entered in this currency pair and in Swissy.

Against the British pound, although cable rebound from 1.5850 to as high as 1.6070 (we entered our short position at 1.6060) and sterling met heavy selling pressure as expected right at the Kijun-Sen and price dropped sharply from there, however, we took a cautious step to took profit on our short position with 173 points profit ahead of BOE rate decision. Cable then tumbled to as low as 1.5535 earlier today in tandem with euro.

In short, only 3 positions were entered among all 4 currency pairs with a total profit of +130 points and positions are listed as follow: