CADCHF: On the H4 chart we can see that price broke through strong support from the daily chart and currently there is bullish correction happening. It is worth to observe price behaviour in the area 0.7760-0.7700. If there will be any sell signal, we can think about opening shorts.
See the text on the graph.
BCH just broke out of an established bearish channel but has reversed at a key resistance level, ~$652, which can be identified matching the tops from the previous bearish channel with a Fib retracement. Note the Stoch crossover and reversal as well. I think we will reverse and break this barrier soon (if the new bullish channel holds, the price shouldn't be able...
Symmetrical triangle formation, maybe it'll breakdown or breakout. Breakout/breakdown length is typically the length of the height of the triangle when it starts. That would put us almost perfectly at previous support/resistance levels. Possible double top in our future. Not completely loving the RSI on the hourly, but the thin Kumo is good sign of weak resistance.
Some positive divergence here on the weekly RSI as well...it has been quite bearish but I believe this might good buy for a bounce at least. If the trade starts off well and I am up I will likely move to breakeven, especially if the candles are weak. $18.27 also a spot I will watch
First of all, I have to say that at the moment there's no long signal, it's just an idea. Now let's see what, where, when, who, how. So, I like this graph so much, prices are below the Kijun Sen though, but it's just this one the thing I like. Why? Isn't the trade already done? Maybe, but the reject wasn't random. In fact, as you can see, prices perfectly...
(i) 1,2,and 3 gartley's X:D consistently 1.25 and squeeze is consisent with the C:Ds 6 bar config (ii) Ichimoiku is in the cloud and testing the resistance side of a lower bound I think its going to squeeze at the Ichimoku level of the kumo
Using the 4 hour timeframe we are observing a possible break out Kumo, may give us green light to go long. Currently the market is not giving us much of sign, even though there is a beginning of Kumo twist, Chikou Span is still inside the price. On top of that, price is inside the kumo so we will have to wait until it breaks out for a clear spot.
Nearing the end of the second complete Elliott Wave on this pair (at least IMHO). Previous waves showed tell-tale divergence at the 5th wave. There is a possibility of this actually becoming a 3rd wave. But if the past is indicative, it's more likely the C leg of a corrective structure, we'll have to wait and see. I'm looking to enter this trade on a bearish...
The Kumo is still acting as resistance for the Chikou Span on the weekly time frame. Price is correcting to the bottom of the Kumo on the BC leg of the larger ABCD correction. This is also the LML of the Pitchfork and 50 week SMA. Still expecting the price to rise in the next week before completing the bigger CD move down.
- MACD Timeframe Indicator (12, 26, 9) Hourly and Daily Timeframes showing bullings patters as both are > 0 and MACD > Signal Line - Ichimoku Indicator pointing higher with Kijun Sen above the Kumo Cloud and Price above the Kijun Sen
Check out our latest analysis on AUD/USD using ICHIMOKU CLOUD. Our yesterday's analysis has been confirmed www.ichimokutrades.wordpress.com
Check out our latest analysis! On ichimokutrades.wordpress.com
The Gold/USD price has shortly exited the 1 day kumo cloud and has started to head down and is currently below the Tenkan - Sen (red). A high of around 1141 was tested and since then the price consolidated and was unable to make new highs and have a strong breakout of the kumo or the trendline. The RSI was at similar levels when the price peaked at 1228 and 1205 ....
Drawn S/R on W1 very strong levels, Fib retrace shows 38.2% reversal occuring CCI Dropping. First target 23.6% - Second 0% - Stop on kumo support but will we test it at all? who knows :)
GBPCAD bulish engulfing & kumo breakout
This link () shows side-by-side chart with weekly on left panel and 4-hour on the right panel. Price is moving up and through the weekly Kumo and is looking at good support here. CMO suggests 4-hour is oversold within the context of strong larger trend.