Whats happening traders. So as some of you know i use the ichimoku cloud trading strategy, and 3 of the alerts and signals have just triggered. Signals being the red cloud, base line and conversion line crossover and the lagging span has breached to the underside of the cloud. If we dont get a bullish rally this week and the lagging span remains under the cloud...
Price is continuing to move bullish with the correction of the lagging span. The Chikou Span bounced off of the cloud for a great bullish entry. We also noticed price is creating an upward channel.
Morning folks, as you can the ichimoku cloud is indicating BTC is in for a drop in price. Ive highlighted 3 key alerts for a sell signal for the ichimoku strategy. I have been watching this for a while and the main signal i was waiting for was the lagging span to cross below the cloud. If we finish of this day with the lagging span below the cloud and price...
CADCHF is trending up according to Ichimoku on the 4H and 1H chart. Additionally, CAD is showing strength, and CHF weakness, on currency-strength.com
Ichimoku criteria:
1. Kumo angled up + thick
2. Price above Tenkan-Sen
3. Tenkan-Sen and Kijun-Sen angled up
4. Chikou above price
I am looking for a long entry on lower timeframes to follow this trend.
I have taken an intraday long position on AUDUSD using the 1H and 15m charts for confluence. Each chart shows:
1. Thick Kumo Angled up
2. Tenkan-Sen+Kijun-Sen angled up
3. Chikou above candles
We are also in the first leg of a Kumo breakout according to the 1H chart.
I entered on the labelled resistance breakout.
Ichimoku is somewhat bearish on the 4H chart,...
USDJPY is bullish on the 4H timeframe according to Ichimoku.
1. Kumo is thick and angled up
2. Tenkan-Sen and Kijun-Sen are angled up
3. Chikou Span is above the candles
4. Price has cleared recent horizontal resistance.
I entered a long position at the break of horizontal resistance. I am holding with a target price of 128.959 as this is the Ichimoku V price...
Analysing some charts for the following week and found what looks to be a head and shoulders bottom forming. Is the sell off not finished? Could we see another leg down before we recover?
Price broke up past the cloud but this could mean a false breakout and a short term rally, price has dropped below the conversion line and closed below the past 4 periods. The...
1️⃣ From the point of view of the weekly time frame, the line trend is not clear yet and is still sideways in a fairly stable range.
2️⃣ With the d1 time frame chart, we can analyze a balanced pattern on both x, y axis. According to the Western wave pattern analysis method, this is called the ABCD pattern, in which the sides AB=CD.
However, if we look at it from...
Price is starting to range at this area after strong uptrend. We see a halt in price drop at the kijun level. This I feel will make the price go back up for a while before possibly going into a downtrend. This is a quick daytrade with stop loss below previous candle low. Target to a recent high.
The trade you see on the chart is where I got filled before publish
I've put a stop market order right below the Kijun-Sen as that would mean we are moving away from these 2 strong ichimoku resistance lines. The chikou span is free to go lower as it will take 12 more bars for it to touch close again. It also gives some nice resistance when touching past price area. You can use a smaller stop and take profit to your liking but the...
We got a touch of Kijun-Sen that got rejected on this pair (tellow circle). This happened while we just escaped the bottom range so it gives resistance at the bottom. With this in mind lower your position sizing. The Kijun future is sloping downwards and cloud is bearish. The future cloud does look a bit bullish however. Chikou span is free to move down as seen by...
Price inside of Kumo(Neutral Zone)
Consolidation Period & Accumulation
Below Base Line
SSA acts as Resistance Zone
SSB acts as Support Zone
Bear Market will happen if weekly candle failed to break above Base Line and fall to other side of the cloud.
That's my interpretation for weekly analysis.
The purple dotted line at 130.24 is a very long lasting resistance level. As far as I can zoom in on the chart this level got respected. This is not a moment to open a trade yet but the eventual reaction after consolidation I expect will be a very strong lasting move. Line decides wether we are in a long term bull or bear zone.
We made a nice double top right here still looking for bounce from red line. This is a reminder to myself to be patient and not open trade the moment price touch line but wait to see if it respects line.
Pullback in downward trend. This trend is not only short term down but in the very longer term we in a channel downwards. I expect this trade to go very well. Stop right above slow Kijun-Sen and past fast Kijun-Sen line, right in the cloud, this should be a very strong resistance level. Take profit at 2X stop loss.
I have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead...
We crossed short term trendline at 8:00 and retraced back to it but this time we also have a situation with support of previous range. I expect a nice move up from this zone, a different trading plan would be to move stop below the zone by quite alot and move take profit higher for a more long term swing. I recommend the shorter term move however with all the fear...
The EURGBP pair is showing indecision at the top of the range but given the very long term trendline (purple) close to top I see price will go back down. Stop right above previous high in a safe area, this is the moment I would call the range to have transformed into a breakout. TP close to bottom of the range with 1:2 risk to reward.
