Hey everyone,
Heres a pretty straightforward idea consisting of a wedge price pattern, and the Ichimoku Cloud. When overall trends are down, and you have a pattern like this always be prepared for the break downward. Have stop losses set, for me it is below the Cloud.
Otherwise, I advise buying on the close above the red Base Line from the Ichimoku since the overall trend is down. The R/R is not the best on this play, but it is extremely easy and you should not really need to reach your stop loss. It either works or it does not.
Heres a pretty straightforward idea consisting of a wedge price pattern, and the Ichimoku Cloud. When overall trends are down, and you have a pattern like this always be prepared for the break downward. Have stop losses set, for me it is below the Cloud.
Otherwise, I advise buying on the close above the red Base Line from the Ichimoku since the overall trend is down. The R/R is not the best on this play, but it is extremely easy and you should not really need to reach your stop loss. It either works or it does not.
Comment:
Seems to be following the Leading Span A from the cloud. Still keeping an eye on this.