Nice analysis. Agree, the PA had no hard feelings going through the weakest part of the cloud in the daily chart. On H4, the PA plays with the Tenkan, maybe a small upward correction to expect towards the Kijun before heading further downwards. I would enter at 0.65450.
SwissPips
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Thanks for commenting! Yep actually the bearish setup was already highlighted last week in here if you check the analysis. Indeed we might see some short-term upside. I think the trend will be clearly defined if LS confirms the break of its KUMO today....
albert.callisto
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Yes watching LS around 0.65250. Do you use a specific part of the Ichimoku system to set your stop loss? I often check the level of the Kijun and SSB for that, but I'm wondering if there are other good "golden" Ichi-based rules besides typical S/R levels. Regards from not that far (Switzerland as well).
SwissPips
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Oh oh!Where from Switzerland ? Actually it really depends on each setup but I usually check KS and SSB. SSB is a double KS so it's a very strong support/resistance. I usually set my stop loss on H1, sometimes M15 if I wanna grab a few pips and check H4/D/W/M to have the general picture.
albert.callisto
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Lausanne area. Thanks for your info about SL !
SwissPips
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You're very welcome. Greetings from Geneva. Cheers