Looking at the NZD vs USD on the daily chart
we can see price attempting to break above the Kumo. If price can violate the Kumo we can look for price to continue a bullish trend
. Also at the daily Kumo level we can see the Monthy Kijun holding as a S & R level. With price breaking this confluence of resistance we would expect a trend upwards. We can enter the market once this level of resistance is violated and move our stop closer to the monthly Kijun level. Price could possibly retrace back to the daily Kumo level as a support level
therefore keeping our stop just below the Monthly Kijun level should keep us safe. All Ichimoku
signals on the daily chart
once price breaks the Kumo. We also would like to see the Chikou break the Kumo to give us more bullish
conformation. So our trade has us entering with a break of the daily Kumo @ .81352 with a stop at.80074 and an eventual target of .85647. We should expect to stay in the trade unless price breaks a fractal
level low which would signify a possible change of trend. Have a great trading day and God bless!