I'm using a double setting Ichi cloud and Black Kijun, with a full set of single Ichimoku and a Weekly Resistance point at 8161. Both single and double Kijun along with Double and Single cloud resistance are within the blue box. Set entry points at the bottom, middle, and top of the blue box. Target is bottom of the double settings cloud. This trade is called a cloud to cloud trade and you can see this technique on Josh O's channel.
Trade active:
First entry from the bottom of the box is active.
Trade active:
second entry point is reached. Let's see if this weekly resistance and Kijun and top of double cloud hold. The single Kijun has gone below price and it along with daily resistance at 7990 and 8010 are the next point to break.
Trade closed manually:
Price currently above the 100 MA and Kijun and is in a ascending triangle pattern. This signals bearish contiuation. However the edge to edge trade is off due to edge of cloud moving up as price moves on. R:R has become too close to one.
Comment:
Closed right before he breakout. Awesome