Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.
By: Fadi Steitie
Currency: EUR/USD
Signal: Hold (Long)
Strategy: Ichimoku (Momentum) trend follow strategy
Description: Tenkan sen (Blue Average) is above Kijun sen (Red Average) with a strong Kumo (Wide Cloud) which signal a good upside momentum. A Hummer + A Bullish Engulfing as high lighted indicate a strong support
below trend.
Target : 1.38700
Stop Lose: 1.35780 Just below Kijun sen (Red Average) (High risk vs reward due to a weakness in trend.
