Let’s continue and finish our summary of forex indicators.
IKH or Ichimoku Kinko Hyo is an indicator that gauges future price momentum and determines future areas of support and resistance.
Ichimoku translates to “a glance”, kinko means “equilibrium”, while hyo is Japanese for “chart”.
Putting that all together, the phrase ichimoku kinko hyo stands for “a glance at a chart in equilibrium.”
Each chart indicator has its imperfections. This is why forex traders combine many different indicators to “screen” each other.
As you progress through your forex trading career, you will learn which indicators you like the best and can combine them in a way that fits your forex trading style.
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