Ichimokuchart
$XAU/USD: swing trade to 1265 for the buy! 1 Day time frame forecast: Watch for strong resistance when candle approaches span A of Ichimoku cloud for a sell (shown above).
Euro on steady ground? - Ichimoku EUR/JPY Long Trade SetupIf you were in the coaching call yesterday then this setup will look familiar to you. We rose steadily last week before finding some resistance here at the top of the kumo. I am looking for a springboard move off tenken sen and the kumo as a confirmation for a long entry. In the coaching call I mentioned a more conservative entry would be just above the wicks of where we've been getting rejected, so we do have multiple ways to approach this setup. I've set this one a little lower for a little better risk to reward and to be closer to our stop loss right below kijun sen. If we fail to break higher or hold support, this setup may become invalidated.
$ACB: A closer look at the dipMy last analysis of $ACB was on the larger time frames which indicated more upside in the coming weeks. Now let’s look at the 4 hours time frame: I’ve indicated zones that we continue to surpass & each new zone we enter, we go into an upwards channel. If you have not entered, watch for price to bounce off of upwards channel before entering. Identifying the upwards channel in each new zone is a great opportunity to gradually add or for a first entry point before we reach all time high.
Also, $ACB was recently rewarded with the maximum number of lots in German cannabis tender. This is jus the beginning of many great news to come. A partnership with a large consumer company (in the works with Nelson Peltz) and the R&D expansion will shoot this stock through the all time high in my opinion.
$LULU: Swing Trade to all time high. Ride the wave!$LULU has been an exceptional stock; going up 79% the past year. We have a potential setup occurring for a profitable swing trade.
What to watch (1 week time frame):
- We see an incomplete head and shoulders - right shoulder can reach all time high (shown above).
- Ichimoku cloud shows bullish for next weeks or month to come - We will see the stock move higher before lower.
- Watch for a bounce on the 26 day avg line or Ichimoku Cloud Span A.
-Be patient and enter only if a bounce occurs around the 130-140 levels.
We have identified the long term trend, found an entry point and exit point. Now RIDE THE WAVE. Most important of all, BE PATIENT .
Trade at your own risk.
This ain't it, Chief. S&P500 further upside awaits?Lets look at the big picture, the monthly time frame for the S&P500: We see a bullish Ichimoku cloud, 9 day and 26 day has snapped back together, and an incomplete head & shoulders pattern.
The monthly Ichimoku Cloud is most reliable and accurate in the monthly time frames and we see a healthy green cloud still pointing upwards. We also have the 9 day and 26 day avg lines which can show us whether the trend can stay or change; if the 9 day (blue line) crosses over the 26 day day we can expect a trend shift OR it can disbands to the upside & we continue going higher. Lastly we have to watch how the monthly candle completes; If we end the month with a red candle, next month candle can possibly test the 9 day and 26 avg lines (to complete the head and shoulders pattern) before further upside.
I do realize the weak economic data signalling recession but for the time being indicator are still signalling upside.
Trade with no emotions and be PATIENT.
An analysis, not an investment advice
BUY $ATVI: Monthly swing trade to all time high! Monthly Ichimoku Cloud shows all. Follow the big picture. Easy!
An analysis, not an investment advice.
Drop a comment or private message if you want more information on the chart. (:
$AMD: Long term swing trade to $30+- Long term forecast.
-The Ichimoku cloud shows what you need to know.
-Be patient.
An analysis, not an investment advice.
$MU to the moon. The semi business has bottomed! LONG TERM TRADE. ONLY FOR THE PATIENT.
On Thursday, $AVGO (Broadcom) earnings call called for a bottom in the semi business in Q2. With that being said, $MU is looking like a good setup for a long term swing trade. In December, we see micron bounced at $28 and rallying to $43. Now we are currently sitting on the 9 day avg line (1 week time frame). I have chosen the 1 week time frame to show you the close up price action. If we look at the monthly time frame, we see the Ichimoku cloud showing we're still in a bullish trend (above green cloud).
What to watch (1week time frame):
-Watch for price to hold above 9 day avg line or 26 day avg line if falls below (shown above).
-Micron will be reporting earnings on Wednesday after market close. I believe it will pop but staying cautious.
This is an analysis, not an investment advice.
$CGC: Bullish Pennant break out? ready for BLAST OFF!We are currently in a bullish pennant and I believe we are going to breakout to the upside. With the hype around the cannabis sector, it's not likely we will see a major correction before hitting all time high. Weekly Ichimoku cloud also indicates that we are in bullish trend for weeks and month to come.
Be patient and manage wisely :)
This is an analysis, not an investment advice.
$SQ - Swing Trade to $100?Square has potential for profitable swing trade as we are in a upwards channel. As we saw last week, price held well against the SPX500 during its correction. We now see that the candle bounced off Span A of the 1 week cloud (shown above): keeping the upwards channel valid. Price is also currently sitting above the 26 average line (red line). This shows us that price wants to move higher before lower.
What to watch (1 week time frame):
- Watch if candle holds above 26 day avg line for entry.
- If price falls under 26 avg line, look for bounce of span A.
- Take profit $100+!
Trade at your own risk.
$TSLA Swing Trade to 350+Tesla is not everyones favourite stock due their questionable "profits". But play it right, we can make good money! In my opinion, its too risky of a trade if we don't enter at the main support. We can't control the direction of the stock but we can definitely reduce our loss.
What to watch:
- Watch for a bounce around the 250~ support.
- Watch for a reversal candle in the 4 hr and 1 day before entry.
-Tight stop loss if breaks through!
Trade at your risk.
ACB: More opportunity to add - Swing TradeLast week I mentioned the valid upwards channel in ACB. We saw that ACB bounced off the channel as expected but unfortunately could not break the top of the channel. This week we may see another buy opportunity similar to the last.
What to watch:
- Only enter if candle does not break the 4 hr upwards channel.
- Watch in the lower time frame, 30 mins - 1 hour for confirmation (at least 2 few candles) before entry.
- Be patient for all time high take profit! we will get there soon.
Trade at your own risk.
SPX BOUNCE? No crash, yet.I believe we're not at the crash everyone is forecasting. We still have one big event that can lift investors sentiment, the US and China deal. Once we get finalization of the deal, this will create a brief rally to the top. After we get that out of the way, we will fall, fall, fall!
What to watch:
- 3 area of a bounce can occur: 2700 (span B), 2650~(9 Day avg line), 2600~ (26 day avg line)
- Ichimoku (1 week chart) show bullish signs for the short term.
- Watch Tech stocks for a buy (Christmas 2018 flashback?)
- In the coming weeks or month, bearish cloud shows bears will then take control.
I would love to hear your input!
Trade at your own risk.
