ChaosTrader63
Long

EUR vs GBP Kijun Bounce Trade 8-24-16

FX:EURGBP   Euro Fx/British Pound
Looking at the EUR vs GBP we are seeing price sit at the daily Kijun level. This level is a major support level and a level of equilibrium for the market. When price reaches the Kijun the Kijun is much like a trend line . If price is going to honor this level then we will see a bounce to the upside. We will look for price action in the form of rejection candles, engulfing candle or something of that nature to alert us of the opportunity to catch the rally. Now the issue with this is that sometime price does not honor a support level so we want to be able to have some kind of confirmation that price might hold. I have posted a video on YouTube discussing this trade opportunity but I am using the Heikin Ashi candles to determine when to enter the trade. You can watch that video on YouTube at this link as it might help you to understand the idea behind the trade using HA.:
When trading with Ichimoku you want to trade in the direction of the TK             Crossover! In this case we have a bullish TK             Crossover and all of our signals on the daily time frame are bullish . I will change my bias if price closes below Kijun and also violates the previous low. Our downside target would then be .83306. If we get the bounce on the Kijun to the upside then our target is .86875. Hope this helps you and good luck if you take this trade. God bless!

ChaosTrader63 Managing Director & Trading Coach
http://www.fxatoneglance.com - Look At The Financial World With A New Glance
Youtube: https://goo.gl/bbWE4L
Twitter: @ChaosTrader63
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Hei Carl, i´m a student of your´s trying to learn this Ichimoku method for swing trading, i was hating on the Tradingview indicator because it don´t change color when it Span A & B cross each other, but then i see that on your indicator it does? How in the world did you make it do that? I tried to change color in the settings, but there are no settings for that particular feature?

Kind Regards
Thomas Jeff
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the past 2 trading days ended with higher lows. Next week should be interesting...
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Thankyou! Chaostrader63 has transformed my trading. The forum, market updates, and constant advice is second to none. Great guy!
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I was bearish on Eur/Gpd until the reverse candle, but I think this move still depends on the Yellen speach today. I jumped on the trade small as I do like the pullback, but overall bearish on the pair. Thanks for the video as well. Learning this game is never ending.
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