To gain experience with Forex. I thought it would be nice to do an analysis on EUR-USD. A pair i want to trade in the future.
I spotted Sanjaku Kouten according to Ichimoku confirmations:
1. Tenken San - Kijun Sen cross
2. Chiko Span candle breakout
3. Kumo breakout
Sanjaku Kouten is a powerfull bullish signal. One thing for concern is that Kumo has not twisted jet. In this condition Kumo breakout could be fake. So to be safe, wait for Kumo twist. Only then look for buy chance.
Please advise me if you have a comment. I would like to learn :)
I spotted Sanjaku Kouten according to Ichimoku confirmations:
1. Tenken San - Kijun Sen cross
2. Chiko Span candle breakout
3. Kumo breakout
Sanjaku Kouten is a powerfull bullish signal. One thing for concern is that Kumo has not twisted jet. In this condition Kumo breakout could be fake. So to be safe, wait for Kumo twist. Only then look for buy chance.
Please advise me if you have a comment. I would like to learn :)