On the daily TF, all the Ichimoku signs are bullish. Price is sitting on a significant support level as confirmed by span B and kumo shadow. It is highly likely that we are witnessing a N wave formation to the upside. Entry was taken based on H4 FFB. However, It is also possible that the N wave pattern could be aiming for the downside. Therefore, we will take...
Short USDCHF with 1.6 r/r
On the daily TF, we observe a bearish tenkan-kijun cross that occurred above the kumo. Currently, price is sitting at a significant support level and is inside the kumo. Although the future kumo is bullish, senkou span A is angling downward while the senkou span B remains flat. Although chikou span is below the price, the current candle is still trading within a...
Where do you think Ethereum is going? start of a new uptrend or continuing downtrend?
On the daily TF, we see a bearish tenkan-kijun cross above the kumo. An inverted bullish hammer was observed on tenkan sen. Strangely though, the kijun sen is pointing upward. Price has already crossed both the tenkan and kijun sen from above since last week. Chikou span is attempting to break through the prices which indicates that price is currently...
On the daily TF, we have a symmetrical triangle formation. On the H4 TF, a morning star is about to form. We get our entry confirmation via %R.
This pair has held support but I am still watching for a break of resistance to enter a short term buy trade. I've drawn out my entry and TP lines on the chart. If you notice for the setup on this one, I'm actually placing my TP and SL slightly off of my lines to get things a little room to breathe since this is such a tight trade. As soon as we break into that...
We got a bullish kumo breakout and twist towards the end of last week with this pair. I am now watching for a tenken sen bounce trade entry for a chance to get long. I want to see a good drop to tenken sen and support hold to help confirm the bullish bias we're seeing right now. I set my TP at a previous resistance level if you look left of where price is at...
Monthly and Daily Direction is bearish. I anticipate the market will reverse down into the cloud bounce up off the Senkou B (bottom of the cloud) then stall between the Senkou A (top of the cloud) and the resistance level at 1.58600 For the cloud breakout we will need the following; 1. A cloud penetration; 2. A TK cross 3. The Chikou below price 4. A Kumo...
We got a big bearish move last week followed by a drawback and textbook tenken sen bounce trade. I am looking to hop on that trend with a move further to the downside. I've placed my entry below the candle of previous support and I've set my TP at an area of past support if you look left of current price. It may push on from there so I will only close partial...
We finally got a break below support in the channel we had been following for a while and now I am looking to take advantage of the bearish sentiment we're seeing. I'm going to use a move below our current candle as an entry with my TP at a previous major level of resistance to the left of current price. As an alternative I may wait for a rise and rejection at...
With the upcoming Brexit vote on Tuesday I am once again expecting some GBP uncertainty. In order to take advantage of this uncertainty I'll be looking for a sell to break the current trend line I drew for entry. This should also coincide with a bearish kumo twist and bearish TK cross if this move down does happen. If we fail to break to the trend line or get...
We've been on a good bearish run with this pair and I'm looking for a chance to hop on the train as it continues to fall. I am looking for a little lower movement to act as a trigger for entry so I may set this one as a sell stop. I am looking for the previous major structure low as my Take Profit area. I'm going to keep my stop loss decently tight for this one...
We have been moving a bit sideways with this pair so I'm watching for a good breakout of these support or resistance levels we've been pinging around between. If we can get the breakout down below with the news, it could move pretty quickly. I don't want to spend too long a time in this one because I'm unsure it will be a long term swing, so I am aiming for...
We found support twice but have been moving within a pretty narrow band as we've moved sideways. With the good economic data the US has been getting combined with the news that China and the US are putting their trade war on hold, I'm expecting a move up here. I'm looking for a kumo breakout to enter since we already have a bullish kumo twist and bullish TK cross....
You can see the play from last week to the left of this setup. It went really well for us and I announced in the members area where I was getting out of most of the position. We were able to snag 100 pips or so and I'm looking for an even bigger drawback based on the daily chart, looking here on the 4 hour for entry. I've drawn out the first major level of...
This pair has been steadily climbing higher since our hard drop last week. We are nearing a bulish kumo twist that I am looking for combined with a bullish kumo breakout to enter a long position. I've laid out a TP at an area of previous resistance, but I may hold holder term as a swing if we can break that level as well. If we fail to get the kumo twist and the...
This pair started to consolidate last week before ending it's bullish run for at least the short term. Right now we have completed a kumo twist, chikou span is below price and Tenken sen and Kijun sen have flattened out here indicating the loss of momentum we've seen. I am look for a small rise to the kumo and tenken to get a good rejection candle for a sell...