After trading the Pound to the short side off after the March high E-Target was identified, it went into a consolidation pattern and though it came close to the 61.8% retracement, it never closed above it. This kept the Short N-target in play. Price has started moving away from the Tenkan-sen and I would expect to see a reversal sometime in the next two weeks...
Update Ichimoku Indicator to Show Correct Plot Names For Alerts. Added ability in Inputs Tab to Turn On/Off Cloud Color Change Based On Trend. Indicator Code Link:
Price is just at the flat Kumo top, possible bounce to continue uptrend!! Good luck and let's see what happens, as I will take a long opportunity with a 2618 trade setup on 1H timeframe, so everything seems to be in the favor of the continuation of the uptrend.
Everything right now is a sell signal: 1) Price is below the kumo, tenkan-sen and kijun-sen. 2) Chikou span is also below the kumo. 3) The kumo is bearish. But! We have to be careful with the support area in which price is at this moment, so it's better to wait for a breakout before entering this trade to ride the trend down.
Long term general commentary, this dog has been in a huge bear trend, it tried to break out in Apr, failed and is testing now...So I plopped the Ichimoku Cloud on top and sure enough, a great potential setup here... 1. Got a test of the lagger line (reference: bear hook) 2. Got a test of the standard line against the bottom of the cloud. 3. Analysis by Tim also,...
I hope i don't come off as someone who believes in BS esoteric stuff, but... It's incredible how the moon seems to affect the price of bitcoin (and probably other assets too!) anyways my main observation in this chart is how the full moon coincides with the ichimoku cloud going up. While I'm not sure what it means, I will definitely be looking out :) Link...
Curious about the effectivness of the rebound we could witness last year after the $260 bubble recovery. I waited so long to finally see how it could be genius, sorcery or just plain luck... The wait during 6 months was worth it. Ichimoku turns out to be a genius indicator ! (protip: it's quite effective in 4h and 1d charts btw) If the price tends to stay over...
Appears to be an intermediate timeframe uptrend beginning.
This morning 9 AM CET( central European Time) , the market went up and down and the race between bull and bear appears to end at that stage in favor of the BULL. The twist of the trend has started. In Early hours with a 1H and 2H Ichi, the signal were clear but was not confirmed at H4. Now there is a initial move on a 4H basis but it needs to be confirmed and...