AshleyWeyers
Long

EURUSD Long on 4H

FX:EURUSD   Euro Fx/U.S. Dollar
264 3 2
Patience is needed here.

There is daily Kumo support at 1.3072 and daily shadow Kumo support at 1.30058.

There are lower highs, but these are getting squeezed against the support at 1.30058. The Kumo top is dropping.

Chikou Span is above price, but will meet resistance at the Kumo. The sudden narrowing of the Kumo means that volatility is reducing.

The probability is that price will break up through 1.30855. It will retrace to test support again, then would be a good entry point if support 1.30855 holds.
Can you please explain why do you use 18,52,104,26 in your Ichimoku?
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AshleyWeyers g_adamopoulos
Its just to get a longer average, to try and smooth out volatility. I still use use standard settings 90% of the time. Principals are the same regardless of settings.
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