Signs so far:
1) Tenkan Sen / Kijun Sen Cross (neutral bullish as in Kumo (cloud))
2) Kijun Sen Cross (neutral bullish as crossed price in cloud)
3) Senkou Span Cross (neutral bullish as price is in cloud)
4) Chikou Span Cross (lagging line - weak signal as price below Kumo)
Wait for Kumo Breakout (price to leave or cross the cloud)
Volume remains strong.
See signals here:
www.ichimokutrader.com/signals.html
1) Tenkan Sen / Kijun Sen Cross (neutral bullish as in Kumo (cloud))
2) Kijun Sen Cross (neutral bullish as crossed price in cloud)
3) Senkou Span Cross (neutral bullish as price is in cloud)
4) Chikou Span Cross (lagging line - weak signal as price below Kumo)
Wait for Kumo Breakout (price to leave or cross the cloud)
Volume remains strong.
See signals here:
www.ichimokutrader.com/signals.html
Trade active:
Price breakout from kumo.
Active at - 0.061
Stop loss at Senkou B - 0.0491- 0.544
Target 1 - 0.074, Target 2 - 0.090, Target 3 - 0.133
Active at - 0.061
Stop loss at Senkou B - 0.0491- 0.544
Target 1 - 0.074, Target 2 - 0.090, Target 3 - 0.133
Comment:
Note: Chinkou span is still weak bullish. Above price but below cloud. Price will probably move sideways until chinkou span breaks through cloud. Then buy signal is stronger.