EURUSD 4h (02.Oct.2014) Technical Analysis Training

FX:EURUSD   Euro / U.S. Dollar
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EURUSD 4H Diagram Technical Analysis shows the following:

The EURUSD after some consolidations under the KUMO (4h) reacted and now is between Tenkan Sen support & Kijun Sen resistance. MACD is bullish and RSI is approaching 52.

The first think in mind is that the KUMO approaching,

There is no special candlestick pattern.

Respecting to fib the first target is 0.764 (1.268) and the second is 0.618 (1.273).

Long if it stabilizes above Kijun Sen (blue) short if it stabilizes under Tenkan Sen (Green).
Interesting. Just wondering, don't you have to be above the kumo cloud and only then get comfortable going long? Until then the Tenkan sen cross over is a great entry. The difficulty would be after you get into the cloud and try to bet beyond the Span A. Also, curious using ichimoku, what is you best stop loss method?
d.vezeris resurrector007
For this example I use the entry points as stop loss of the opposite choice.
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