NZDUSD is in a downtrend according to Ichimoku on multiple timeframes. 1D, 4H, 1H are all lining up for a trend continuation to the downside. Interestingly (and importantly ) we have a really good confirmation in USD strength AND NZD weakness. When you line this up on a currency strength scanner it is easy to see strength and weakness across multiple timeframes....
Weekly: Kumo down Kijun down Tenkan down Chiko below candles Daily: Kumo down (Quite thin) Kijun down Tenkan down Chiko below candles Note: Price is in Kihon Suchi (Equalibrium - means buyers 50- Sellers 50) + Doji => watch market First scenario: If the price broke the Doji => Sell signal in LTF =>price can continue to go down till 25 July (next Kihon...
NOT A FINANCIAL ADVICE, FOR EDUCATIONAL PURPOSES ONLY Short positions below 0.84250 with targets at 0.83600 & 0.82500 in extension. Pivot: 0.84250 Comments: Chikou breakout, Tenkan sen kijun sen crossover, Tenkan and kijun pointing down, Kumo cloud twist, trendline break.
‼️Not a financial advice, for educational purposes only‼️ Short positions below 1.4800 with targets at 1.4600 & 1.43800 in extension. I’m placing sell limit orders at 1.4800. Comments: chikou breakout, tenkan kijun cross, kumo cloud twist, double top
Not a financial advice, for educational purposes only! Bullish sentiment above 153.00. Lesson: When using Ichimoku Cloud, it is important to look where is the chikou span. In this case, it is currently sitting inside the cloud so no trades. To avoid fake setups, the chikou span is your friend. It is also good as s/r tool! comments: EARNINGS COMING in 27 JULY...
The EUR/USD has been beat down of late but that is old news. I have been experimenting with the Ichimoku indicator and I have another trade setup developing this idea. With the Ichimoku strategy I am following, here are the criteria I am looking for: 1) Price closes above cloud 2) Conversion line (Tenkan-sen) above baseline (Kijun-sen) 3) Lagging span (Chikou...
I have always been curious of how to use Ichimoku and yesterday I watched a video on the indicator and how to trade with it. It has always looked like a jumbled up mess. I did not break down the components and analyze them just took the strategy and I will test it in my demo account before applying to my live account. With Ichomoku, a long trade set up is...
A bearish trend could be beginning on EURJPY. We have several confluences: 4H Chart: - Tenkan sen and Kijun sen angled down - Kumo bearish and angled down - Chikou below past candles and kumo - Bearish price action My Ichimoku scanner which uses the 4H and 1H chart is returning a bearish result. We also have relative weakness, as EUR in general is weak, JPY in...
Ichimoku analysis on Gbp/Aud shows that there is strong support (in the blue box), where the push, kijun and kumo seem to form a flat line. Areas like this are usually strong areas. Seeing the ichimoku cloud is also starting to thicken for an early sign of buying influence. It's better to keep waiting for a bullish candle to confirm the entry of a strong buyer.
CADJPY is bullish across multiple timeframes. A comprehensive top-down Ichimoku analysis can help us confirm our bias and find the best time to enter. Weekly: On the weekly chart, it is bullish. We have strong Ichimoku signals such as Tenkan-sen above Kijun-sen, a bullish Kumo cloud, Chikou span above price, and lower highs forming in price action. If we...
in Sideways if price reach Previous Tenkensen High or Low and Tenkensen it self Didnt reach there you can buy or sell to previous High or Low!!! in Other Word if Price touch previous high and tenkensen not You can sell until price hit last low and contrary if price reach the last low and tenkensen not you can buy until last high in market Enjoy it 100%
We Must Pullback to Komu After Breaking Span B you can trade It. you must wait for signal from lowwer timeframes and if you find any reason for reverse you can trade it to span B and After That if you find Any Reason to back to trend you can enter in direction of trend and so on. but you must pay attention to pullbacks no early enter before you get expert in this...
you need to wait to price enter inside komu and after pullback you can enter trade in the direction of price you need a little Practice to got whats happening 100 % always true signal. some times it has wrong signal that its not wrong just some practice kumo moves will be filtered this wrongs. there is no wrong with ichimoko :D.
AUDCHF has recently broken the descending channel established in March. Additionally, AUD is currently the weakest base currency on my scanner, with 1H, 4H, and 1D weakness. Meanwhile, CHF is trending upwards, with 1H, 4H, and 1D strength. Combined, we have AUDCHF breaking support, AUD becoming weaker, and some healthy Ichimoku signals: On the 4H chart: -...
#AUDUSD is retracing back towards the Kijun-sen on the 4H chart. The Kijun-sen on 4H is also aligned with the Kumo on the 1H chart. Price could rebound off 0.69595. If it breaks through and closes below this price, the downtrend could continue. #ichimoku #forex #trading 1H chart for comparison: Ideas: If price closes below 0.69595 then look for a short...
GBPUSD has broken below the support established on 13 May. The 4H chart is bearish, but has a thin Kumo which can imply overextension. We need to use lower timeframes to confirm and follow the trend: On the 1H chart we have a nice thick Kumo angled down, Tenkan and Kijun-sen are angled down, and Chikou below the candles. You can also see the support...
Every day I run a Rate of Change scan across three timeframes for each of the major currencies. As we head into the new week, the scan is showing that USD is the strongest currency, while AUD is the second weakest (behind JPY and tied with NZD). This is enough for me to take interest in AUDUSD as a possible bearish trade (and USDJPY as a bullish trade). Now that...
USDJPY is forming a bullish flag on the 4H chart. If it closes above the recent highs on the 4H chart then it could be a sign of trend continuation. According to Ichimoku, the trend is bullish on 4H and 1D charts.