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 - Look At The Financial World With A New Glance
Twitter: @ChaosTrader63
Thanks for your UTUBE videos and charts. I have learned a lot. Wish you the best.
Appreciate that! Thanks!
Very help full as always mate. Your video's and training has helped my trading come from blowing accounts to actually trading the right way. Thanks again for everything you do for us.
Great to hear that and also glad to have you in the community!
Thank you for your great lessons, market updates, webinars, patience while teaching the Ichimoku System and for providing a great platform for traders - from beginners to experts!
ChaosTrader63 KeremDjango
Thank you! Couldn't do it without people such as yourself so I appreciate you!
Great video carl, I have learned a lot from your videos.
Mr.Carl is an exceptional teacher. His teaching videos from his website have helped me tremendously with my trading. He is able to take the ichimoku concepts, break them down, and turn them into strategies that you can easily integrate into your trading. Overall an outstanding teacher whose dedication to his students is beyond reproach.
I took this trade after Carl discussed it in the group.. Like most of the times I jump the gun Again but hey.. I up 50+ pips atm and move is just starting!! Thanks CHaos Trader 63!!!
Another great video as always! I missed the first entry I wanted but am now waiting to enter at the next opportunity. Really exciting times thanks to all the new techniques you have taught us over the last few weeks. Thank you for all the time and dedication you provide to us.
Thanks for the post Carl.
Amazingly explained.. bestest technique i have ever learnt! Im blessed and glad to be your student! Hats off to you sensei! All of your videos and helpful. (Y) god bless.
Great post :-)
Thank you
Thank you for the excellent analysis. I truly learn something with every post and your level of ichimoku knowledge is beyond reproach. I am truly thankful you are also a selfless teacher to so many.
Great trade! thanks Carl:-)
Super. I get more and more knowledge. It makes me strong. Thx .
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.
Thankyou! Chaostrader63 has transformed my trading. The forum, market updates, and constant advice is second to none. Great guy!
the past 2 trading days ended with higher lows. Next week should be interesting...
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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