ichimoku2016

ichimoku2016

This pair was in a strong trend and I believe that after a strong trend (UP or DOWN) the price action will be in consolidation for a while. Though I placed this trade solely on the cloud break with confirmation of chikou span, I think it is not less than a hurricane trade (very very risky trade).

ichimoku2016

This currency was in consolidation for a while and was hovering around 23.6 and 100 % Fibonacci areas and broke 23.6 along with cloud and chikou span also broke the cloud. This actually should be an excellent technically call but an aggressive one as I feel that if the price breaks 38.2 Fib then the downtrend will start or is confirmed, but as I am a risk taker,...

ichimoku2016 Updated 

As the cloud broke, we can find a new uptrend and it has crossed 38.2 Fib level.

ichimoku2016 Updated 

As the cloud broke of uptrend and chikou span about the cloud, this seems to be promising and can take Profit at 1.42657 or 1.43115

ichimoku2016

If the cloud breaks down then we might target for 0.5628 area being the support zone and if breaks above may target 0.6061

ichimoku2016 Updated 

Now, it is the time to ride on EUR/US pair

ichimoku2016 Updated 

Yen to show some weakness after a strong rally.

ichimoku2016 Updated 

Once it breaks the current level then the new uptrend is on the way.

ichimoku2016 Updated 

As the cloud broke, it is ready for new uptrend

ichimoku2016 Updated 

As the cloud broke, the most obvious point now would be to look for some real uptrend or a kind of consolidation before moving up

ichimoku2016

Still the price is hovering around the cloud which is a neutral territory but waiting to break the cloud and for entry level.

ichimoku2016 Updated 

It is less risk but high reward ratio trade.

ichimoku2016

Get ready for the oil boom.

ichimoku2016

Enter short at 1.13142 with a stop loss of 1.13255 and a target of 1.12930

ichimoku2016

It may go either up or down from these areas. Once it breaks the upper or lower lines which are placed the rally will be huge when it comes to short, but we may not see as much as if it breaks on the upside.

ichimoku2016 Updated 

Buy US Oil at 46.79 with a stop loss of 45.54 with a potential target of 48.10. This week it may run even to 50 as it is in great bullish move. Happy trading.