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!!
m.pentaz
7 months ago
update SL: i guess it should be above the kumo where it could breakout the triangle, lower median line as well.
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martin7 PRO
7 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! :)
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m.pentaz martin7
7 months ago
I will, thanks. Any suggestion on that?
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