d.vezeris
Long

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

FX:EURUSD   Euro Fx/U.S. Dollar
375 2 3
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?
Reply
d.vezeris resurrector007
2 years ago
For this example I use the entry points as stop loss of the opposite choice.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
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