Price has broken and closed below the Kumo(cloud) with the Tenkan below the Kijun and the Chikou confirming. Using the ATR for position management with a 1.6x ATR stop loss and first take profit(usually 1.5x but tend to use 1.6x on hourly chart to allow more breathing room). Using a slowed down QQE cross aas an exit indicator.
Potential short on USDJPY, breaking out of the Ichimoku cloud and awaiting close with Chikou below price and Kijun & Tenkan confirmation. 75 period Williams %R below the 50 SMA, I use this on most of my algo based trades as a confirmation of the trend bias. Also dollar looking weak after 4.8% fall in GDP during first quarter.
Price has broken above the smoothed moving average high indicating strength in the trend, the slow Williams %R is above th SMA indicating an uptrend and the ADX(not on the chart) has broken above the 25 level suggesting a new strong trend is forming.
Looking for a potential short tomorrow on EURCHF after the low of the short term Swing High was broken. Looking at entering on the 62% Fibonacci retracement using the hourly chart. May look slightly off on here as original analysis was done on MT4 using price information from a different broker.
Waiting for the formation of a new Swing Low on EURUSD daily chart to begin looking for long positions. Will update throughout the week if opportunity arises. If low forms will use a 62% fib retracement on the hourly charts to enter looking for reaching and surpassing the previous days high.