Anbat

Ichimoku Cloud (TK Cross)

Education
OANDA:GBPAUD   British Pound / Australian Dollar
On ichimoku Cloud hourly or higher charts- try taking everything off except Kijun-Sen (black line or/base line) and Tenkan-Sen (gold line or/conversion line).

You are left with a naked chart with only two lines on them, see my hourly chart of GBPUAD. You see three possible trades where the Tenkan-Sen and Kijun-Sen cross or TK Cross. This is where you want to enter any new trades, because you are taking advantage of trend, momentum, factual etc...

Last week showed three TK cross setups: 1st trade: bullish- 80 pips, 2nd trade: bearish-300 pips and 3rd trade: bullish 120 pips. With right stop loss and risk management you could have made some pips on these three trades. Good luck in Forex and Life.



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