A few days ago, I stated that we are expecting a bearish kumo breakout within the next few days and so it did. Check out the link below:
On the daily TF, all the Ichimoku signs are bearish. Span A and B are both angling downward at 45 degree. Chikou span has broken free from the kumo. I...
In the Euro Dollar, we have an upward movement that started in March of last year (2020), the upward trend was confirmed, after the price will bounce off the thin cloud that served as support. It should not be a secret for anyone to understand that the Ichimoku shows 3 levels of support / resistance that must be broken before being able to indicate that there has...
just talking about iichimoku base
skip from how this japanese indicator will calculate and focusing on how we can use this powerful indicator
sorry
1- let to consider base line
(BL) and convention line(CL) are EMA, BL is fast and CL is slow. so all the rules of EMA's are applicable for these lines also.
2- lagging line (LL) is a line chart just 26 candle...
NZDCAD has been in an uptrend since the first week of November.
In the past few days, the price attempted several times to break the Ichimoku cloud, but we always had a very good reaction by buyers, pushing the price back towards new highs.
This time, action by sellers seems to be very strong and there are also all the conditions with the Ichimoku trading...
Greeting Traders.
We have shown two lines here, one is red and blue which is red one is Kijun Sen and one is a blue line is called Tekken Sen.
when the blue line crosses the downside of the red line, the movement of the market will be down
Right now I think the movement of the market will be down.
Thank...
Well let's try this again:
Entry: 105.57 (Buy Stop Limit)
SL: 105.30 (Sell Stop)
PT: 106 or higher (Sell Limit)
Of course all this hinges on the fact that we get renewed bullish momentum above the cloud support. If not the "setup" is cancelled and we wait for the next 4 hr candle to give us further insight.
We got the pull back from last time short her's another decent entry for shorting again. Again use decent money management. enter using bollinger bands at 5 mins for exemple the upper bands should serve as short entry zone to minimise loss. you can 0.1 and keep adding until one you have a full one lot entry and be confident when the momentum has fully shifted....
It looks like bulls are ready to buy lower again. my entry is invalid if we cross 1.17650 (which was yesterdays long target)
so how do we play this? in order to ensure the most gains possible you have to keep a watch at the 1 hour cloud, if ever the price enter the one hour cloud and closes one candle inside the 1 hour the setup will automatically be invalidated....
Hello my friends,
I got another setup coming for you today. Another pair with JPY which is GBPJPY.
I am using daily timeframe for this setup so don't expect price to move quickly along with our direction.
Noticed that price already break below the ascending trendline with a solid candle close from previous candle.
This upwards movement was only a retest of...
Hello my friends,
Before i start my USDJPY analysis, i wanna update regarding my XAUUSD buy position which i posted yesterday.
It is now floating +100 pips so better set your SL to entry now for a risk free position.
Let's continue with today USDJPY entry. I am...
Guys there are quick bucks to be made here bulls will attempt a reaction today from yesterday's massacre we can profit from it now before indecision phase takes over.
again i will use 1 lot with proper risk management, i won't stay in a loss if it goes against me
see you later
Hello my friends,
Another nice setup come to my screener is EURNZD pairs.
It looks like there is a SHS pattern forming and we could see price rotate lower soon.
Price already broken below the neckline and we are now waiting for a bit retracement before selling this pair to the downside.
Notice also price below the kumo cloud and it is red colored. Parabolic SAR...
Hello my friends,
Another possible setup for GBP cross is GBPCAD pairs.
I am looking for a sell position in this pair as my screener showing this pair could go lower.
Some confirmations already met and we could try selling this pair on a retracement to 1.7100 area.
Noticed also it looks like this pair making a double top pattern and i think price already...
Hello my friends,
Yesterday i take a buy position on GBPAUD and it is has already hit TP1. I already take partial profit on it and set remaining position on breakeven for a risk free position.
For today i am taking another buy position with GBP cross pairs. This...
following fridays pump the price could go test the last ground to either form a higher low or who knows? break it and go form a lower low way lower.
as always use sound money management i will short with one lot to the mentioned area. my stoploss is very very tight i won't hold a loss. I'll keep updating on the idea during the trading session. feel free to reach out.
