FX:EURUSD   Euro Fx/U.S. Dollar
71 3 3
Just trying to understand more with Ichimoku and everything else, not very certain about that but here's my thinking process

- Triangle, KS and TS             together, if they move downward and prices touch KS below the kumo cloud might be a good signal to short, combining to the possible breakout of the last week trend

- A lot of resistance in 1.1470/1.150 area, if we move down we could have space until next support (around 1.11)

- Never breaked upwards the Median Line

I guess SL should be around 1.138 and breaking 1.15 would change completely the field

Any thought is welcome!!
9 months ago
update SL: i guess it should be above the kumo where it could breakout the triangle, lower median line as well.
martin7 PRO
9 months ago
I would recomend you to analyze more "price action-based", those kind of indicators (MACD, ickimoku) are an idea of the trend and they give delayed signals.

Thats my experience with those kind of indicators, in my opinion they´re useless.

Trade safe, Good luck! :)
m.pentaz martin7
9 months ago
I will, thanks. Any suggestion on that?
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out