Trading British Pound with Ichimoku Indicator
June 20, 2010
Price of GBP/USD closed above the cloud at 6 PM GMT. Placed a buy order at 1.4808 with a take-profit target at 1.4888, and a stop-loss below the cloud at 1.4750. Carried the trade over the weekend because British Pound remained above the cloud but did not hit the take-profit target by the Friday close.
The strength of the Pound continued. Finally, the target was hit at 5:15 AM GMT.
