Double time frame analisis, can you see it ? This is a how to. I am not trading that, I have a long term position on Monero.
Take here TF1 = D1 , TF2 = H6
You can see on the D1 that the simple ichimoku has taken a lot of care about our (virtual) profits (entries on kumo break out, exit when price reenters kumo)
We want :
1. Price > kumo on TF1 (major trend TF) ;
2. Kumo breakout on TF2 (Counter swings TF).
3. TF1 = between 4 and 10 times TF2
When this conditions are OK we enter.
We use H6 to find a faster signal , you can see that the bearish trend line has been broken and that price stands close to the Senkou Span B. It is on the way.
--> Wait and get ready to enter on signal.
Take here TF1 = D1 , TF2 = H6
You can see on the D1 that the simple ichimoku has taken a lot of care about our (virtual) profits (entries on kumo break out, exit when price reenters kumo)
We want :
1. Price > kumo on TF1 (major trend TF) ;
2. Kumo breakout on TF2 (Counter swings TF).
3. TF1 = between 4 and 10 times TF2
When this conditions are OK we enter.
We use H6 to find a faster signal , you can see that the bearish trend line has been broken and that price stands close to the Senkou Span B. It is on the way.
--> Wait and get ready to enter on signal.