This is a longer term swing trade that I am currently looking at. Price structure looks good and all signs look bearish, there are two ways to enter this trade. The more ideal of the two is how I've drawn it on the chart here with a drawback and resistance holding to push further down. The second way is to take a trade with a break below our current candle...
The pound made a big comeback last week and now we're testing the flat kumo. I am not interested in a buy until we prove that we can break up and above previous resistance which is where I've drawn my entry line. We have bullish confirmations right now but the bullish kumo is still in a weak area down and below the previous bearish kumo. We are testing and...
This setup is pretty straight froward. I am looking for a bearish kumo breakout to validate a sell signal. Right now we are holding back above the flat kumo, so I need to see that level broken where I've drawn my entry level to help confirm it is indeed time to sell. I've placed my stop for this setup above the recent price structure Lower High. As usual...
This pair finally was able to break up and out of some major price structure resistance last week. I am now looking for a drop back down to that level to see if it can act as support. If we can get a decent support to form I'll look to get long at the level I've drawn as the push continues upward. I've drawn out partial take profit levels on the way to my...
We saw a massive spike down and below price structure support last week as the US rallied to some big gains. I am looking for this new trend to continue to establish itself and am looking for a drawback to enter a sell. I've drawn a possible entry level where I'd like to see price drawback and reject at for a chance to sell. I've drawn out my partial take...
With the strength we saw in the pound, we've now risen up to test a couple flat kumo resistance levels. I am looking for a break up and through the kumo and beyond those levels for a chance to get long. For my overall price target I've chosen a flat kumo level that lines up with a kumo twist. I've drawn out partial profit levels on the way to that overall...
The Euro ended last week gaining some strength against the dollar. I see this pair as a couple of possible buy opportunities right now. The first way this could play out is how I've drawn it. We've pushed up and are now challenging kumo resistance. If we can break that and continue to hold support we could climb higher to test previous price structure...
This pair has seen some pretty big movement over the past few weeks and we recently had a pretty big bearish kumo breakout. I am looking for that bearish trend to continue, the Australian brush fires and the subsequent spending are probably going to hurt the Aussie a bit over the short term as well. I've drawn out a pretty wide stop loss here above the...
The kiwi has started to flatten out a bit here but I am still looking for the overall bearish trend to end up resuming after the pause we've seen. I've drawn a sell entry a little below our current price with a stop loss right above the rejection wicks we saw which also lines up a flat kumo area where we ended up twisting back to bearish. I've drawn out a few...
The USD has been on a bit of a rampage over the past couple weeks and there's not much sign of a slowdown yet. I am looking for a good chance to enter a sell which may require some patience. I've drawn out my entry line where I would like to see a drawback and rejection form to help confirm my bias. As usual, I've drawn out partial take profit levels on the...
GBP/NZD is coming from a very good uptrend and it is fair to ask ourselves if this new down-movement is just a retracement or a possible new downtrend. The Ichimoku shows a very favorable situation to try to take advantage of this down-movement, getting a nice risk to reward ratio of almost 1:2. You can see that in the last 2 candles, we already had some symptoms...
This pair stayed pretty consolidated last week but did see some small upside moves before falling at the end of the week. We are close to a bearish kumo twist and I am looking for a chance to sell if we can get a break out of our previous price structure support/resistance I've drawn out. If we can break that level I'll look to get short and target a previous...
This pair some some strength for eventually trailing downward last week. We don't have a kumo twist yet but we are approaching the bottom of the kumo here and I will be looking for a chance to short when/if we get a bearish breakout. I've drawn my entry line at a level that corresponds with an important price level and a flat kumo area. If we break that...
USDJPY is in a short term downtrend that is highlighted very well by the Ichimoku indicator, with the two fundamental conditions that are in favor of a bearish scenario. At the moment, we don't really have a concrete reason to open a short position: 1. There's no sign of sellers. Just a few bearish candles, but nothing special. Two weak bearish engulfing patterns...
This pair finally saw a push down after a week of Aussie Strength. I am looking for a slight push back up to test the flat edge of the kumo. These areas typically act as a strong resistance and I am looking for a decent rejection to help confirm this bias. If we can get that rejection candle or a strong hold there, then I will sell down to my overall price...
This pair saw a pretty large sell off last week and I am looking for that trend to continue. We just had a decent bearish engulfing candle and I am looking for a close below the recent candlestick lows to get short. I've drawn out a longer term target at major price structure support as my overall aim, but we not make it all the way there. I've also drawn...
The yen has been gaining a bit with money flooding the typical safe havens during the end of the year and most likely with the help of the recent headlines. I am looking for a push back up and another rejection around the yellow zone I've drawn at a major support and resistance level. If we can get a good rejection there we should fall back down to our...
We're going back to the GBP for this setup as well. Very similar to my GBP/USD setup, we saw a big spike with the election news last week and are back down near a flat kijun sen support here. I am looking for a chance to get long to try and get back up to price structure. We're already near a possible entry, but I would like to see a good support candle form...