Trend is going up. But carefully the price can be retest 1.37 before continue going up Daily chart is down trend. So I lean toward that GU can be sideway next week
Comment: AUDCHF Daily timeframe shows a continuous uptrend by Ichimoku. Ichimoku Trend Analysis: - Kumo (Senko span A and B) up - Kijun sen up - Tenkan sen up - Chiko span above candles Next Scenario: Market broke the H1 Y wave and showing continuous bull trend by Daily Ichimoku. Target is at the next round number 0.7000 level.
Comment: GBPJPY Daily timeframe is showing uptrend as per Ichimoku trend confirmation. Ichimoku Trend Analysis: - Kumo (Senko span A and B) up - Kijun sen up - Tenkan sen up - Chiko span above candles Next Scenario: Yesterday market broke the previous high level of 157.416 and showing continuous uptrend. It may retrace back to Tenkan sen as Kumo is still a...
Comment: EURAUD Daily timeframe shows continuous downtrend as per below Ichimoku confirmations. Ichimoku Trend Analysis: - Kumo (Senko span A and B) down - Kijun sen down - Tenkan sen down - Chiko span below candles Next Scenario: Continuously bearish. Target is at 1.54176.
Weekly Chart: Bearish bias Daily Chart: 1) All Ichimoku signs are bearish. 2) Chikou span crosses kumo (trigger)
Daily and H4 Charts: Strong bullish momentum M30: Looking for re-entry opportunity. Buy conditions: 1) Bullish TK cross above kumo 2) Stochastic and MACD gold cross as an additional confirmation 3) SSA points upward and makes a new high
Daily Chart: Price closed above Kijun. Within the next few days, a bullish bias is expected. M30: Long re-entry opportunity. Buy conditions: 1) Chikou > price 2) All Ichimoku signs are bullish 3) Tenkan + Kijun + SSA + SSB + 200 EMA are all pointing upwards 4) Price > 200 EMA
Although the kumo breakout (supported by bullish TK cross and bullish Chikou cross) took place a few candles ago, the kumo was flat. Hence, the trade was ignored. However, even if the trade was taken 4 candlesticks ago, the stop loss would have been tight. A long trade is now taken because: 1) Strong bullish kumo twist since it happened when price > kumo 2)...
I took a long trade at the break of 200 EMA (candlestick highlighted in black) last week. The price has come to retest the 200 EMA again. Look for re-entry opportunity. Buy conditions: 1) All Ichimoku signs are bullish 2) Wait for price to close above Tenkan with a bullish candle for re-entry 3) SSA is making a new high 4) Chikou span > kumo (indicates mid to...
Daily and H4 Charts: Strong bullish momentum M30: Looking for re-entry opportunity Buy conditions: 1) All Ichimoku signs are bullish 2) Bullish kumo twist was the signal 3) A buy stop order was placed at the high of the bullish spinning top candle (this is the spot where Tenkan + Kijun + SSA + SSB began to point upwards) 4) Price > 200 EMA which points upwards
Price is approaching a minor resistance. Hence, some profit taking is expected and price may range for a while before taking off. Daily and H4 Charts: Strong bullish momentum M30: Re-entry opportunity Buy conditions: 1) All Ichimoku signs are bullish 2) Price > 200 EMA which is pointing upward 3) Tenkan + Kijun + SSA + SSB are all pointing upward 4) SSA is...
Comment: AUDJPY Daily chart shows continuously bullish trend as per below Ichimoku Trend Analysis. Ichimoku Trend Analysis: - Kumo (Senko span A and B) up - Kijun sen up - Tenkan sen up - Chiko span above candles Next Scenario: Market is near previous resistance from this May and June. Better to wait for the breakout as it could be resisted once and may...
Comment: EURJPY Daily chart shows a continuous uptrend after breaking the previous high at 132.710. Ichimoku Trend Analysis: - Kumo (Senko span A and B) are up - Kijun sen up - Tenkan sen up - Chiko span above candles Next Scenario: The market has been up for the last 9 days but since Kumo is very thin, it could retrace once market reaches the previous...
Bullish Kumo Breakout: 1) Price closed above kumo. 2) Price > Kijun 3) Bullish kumo twist 4) Chikou span > price Entry: Buy at the close of the breakout candle. Stop loss: Below the Kijun Take profit: Candle closes below Kijun.
Daily and H4 Charts: Bearish signs M30: Re-entry opportunity ON M30, prices are ranging. Sell conditions: 1) Price < kumo 2) Bearish TK cross 3) Price < 200 EMA which is pointing downward
W1 : Last weekly closing level @ 61'538 could be seen at first degree as a positive signal for further upside. Nevertheless, the resistance line of the ongoing primary uptrend channel has not been broken yet and in addition the BTCUSD is currently traded around the secondary uptrend support line (three white soldiers support line !) A failure to hold above...
M30: All signs are bullish Buy conditions: 1) Entry trigger is the Chikou span breakout. 2) Tenkan + Kijun + SSA + SSB are all pointing upward
Sell conditions: 1) Bearish TK cross 2) Chikou < Price 3) Price < Kumo 4) Price < 200 EMA 5) SSB + Tenkan + Kijun all point downward It seems like the 200 EMA is in the midst of pointing down. It is probably an indication that a new downtrend is coming up. Since the 200 EMA is relatively flat, it may take a while before the downtrend can kick in.