Moving averages are lining up on the 30 minutes for a push and looks to be at the ichimoku. I'm looking for a break of that ichimoku cloud... risk is 0.33% while profit target is 2-2.3%
it s interested RATIO TO take for selling position
Another strategy using Ichimoku Cloud on MU, 2 week chart again.
Natural Gas gapped down at the opening of trading on Sunday and continued it's selloff. While this bearish move is overextended, there's no indication yet of any kind of retracement. The doji candle last Friday is now signaling more downside movement.
While I am mostly an Ichimoku system trader it would be foolish to ignore price action and structure. Currently I am watching a bullish price structure continue as we've hit the third wave of price movement. It is possible that we may be forming a new overall bullish trend in ichimoku. I am looking for a kumo breakout, bullish future kumo twist, chikou span to...
All signs are pointing up, waited for a nice pull back to jump in the big push forward
After pulling back off the hit of $600 Bitcoin is battling a veritable "line in the sand" of resistance of $615. This line makes up the halfway point of the sharp down move of 9-11. Holding or breaking the line will determine price action over the next few days.
Trade followup I took half off at my first target of $600 for a good $25 move. Now at this support we have to see if price will hold or breakthrough. If it breaks through I would expect a pivot to occur before going back down to retest the range lows. The next support would be at the Monthly 9 period Tenkan Sen of $570. Longer term forecast I've mentioned...
I expect a big drop in USDCAD, As you know USDCAD correlates with Oil and oil will break past $40 per barrel. USDCAD broke the 15 minute Komu giving me an opportunity to sell and base the rest of the trade off the weekly chart of USDCAD.
- Conversion line it's above the base line - Span-A it's above Span-B - Price it's breaking the kumo I'm going long if Chikou (lagging line) crosses above the price. Buy order between 0.98359 and 0.98818 with potential target at 0.99374
Going short after hitting resistence
Going short after hitting resistance.
Couple of scenarios after the reaction to Friday's NFP news. We are still be in a long term bearish run but are very much bullish in the mid - short term. Ideally the price will come down to our significant area. Patience is key here, intraday positions will be available to us both long and short depending on the route this pair decides to take
Or retracing lower? We will see this week.