Price and lagging line has crossed the cloud. Therefore, its a buy. TP 1: 110.8 TP 2: 111
Cloud is indicting a sell for AUDJPY. This could probably ride the entire day tomorrow as a sell. TP 1: 83.5 TP 2: 83.3 TP 3: 83.1
Bitcoin broke down from the short term bull channel that started on 1 May. As I am typing this we are testing the uptrend line of this channel. Should a candle close above it we are back in full bull mode. My guess is it will probably be range bound between 9460 and 9680 for the next few days. If the bears manage to break the weak support at 9450 the next test...
It looks like the cable topped out last Friday. We might see a pullback past the 50% retracement of the last leg up. I will enter at the 61,8% retrace as that's where the kijun sen will probably offer support. My stop will be below the last swing low. Take profit target is set at an older resistance that is clear on the weekly chart.
So close, yet so far. Ready to try for 10K on confirmed cloud break?
QQQ is not a safe buy here. We have a bearish normal TK cross in the cloud and a clear rejection of the Kijun line on the 4 hour chart. Cloud is also twisting red which is another indication of a more downware movement ahead. A second item to note is the DMI. The (DMI-) is at 33 with the ADX at 43. Both are indications that the bears are still in control. We...
Taking a long Call position following earnings on GLW
We have the beginning of a macd x on the 4 hr. Tenkan Sen, about to cross Kijun Sen on the Ichimoku. Chikou Span crossing above previous the price line, and price breaking out of cloud will be another bullish confirmation. RDD is giving us more and more signs. As always be careful, set stop losses and/or alerts, never panic. Happy trading! Ichimoku Lines...
I'm still very new to analysis and not yet actively trading. Just getting practice making calls to see if I'm right. Feedback welcome! I'd love to hear some tips and tricks from more seasoned traders and what you think of my analysis. Yesterday I talked about a falling wedge forming (see related ideas), which turned out to not be as strong as I thought and I...
With the anaemic volume leading to the open of CME futures, the charts looked read to roll over once trading started. Following the open of CME futures we saw BTC go through a period of correction (1 to 1.382 time frame). I think between the 1.382 and 1.618 we will be seeing a period of consolidation after a move upwards. The Tenkan and Kijun span shows a big...
This is an anticipatory analysis based on price action combined with ichimoku. Structure is showing us we are in a wedge right now that should break bullishly. We do have several news events coming up that could affect this pair so I will wait for technical confirmation. The cloud is starting to get thinner indicating we may see a future bullish kumo twist soon....
CADJPY: Buying at fresh demand level near 38.2% fibonacci
If price breaks the Kumo and 50 RSI I will enter long. Nothing further until price breaks KUMO
My first post on TradingView. Ichimoku and the use of different time frame market midpoints is a brilliant tool to view the principle of averaging to the mean. The market seems to be accumulating EUR and selling JPY. We have a high volume spike in February and some subsequent low volume retest of lows. The market is reaching the 120 psychological level and there...
USDJPY broke below major support by closing under 118.40, a level that supported the uptrend on a closing basis for over a year. Not Including the late-August whipsaw low of 116.18, this creates a sequence of lower highs and lower lows. USDJPY’s multi-year uptrend is ending. The current trend is increasingly likely to bounce, and we recommend selling strength. We...
Lower highs on the day chart note that the GBP is struggling to maintain footing. Further, the strong resistance from above by the Ichimoku cloud casts doubt on any bullish rallies. The RSI and MACD indicators suggest that this is an optimal time to enter a position. The Fibonacci retracement gives us some profit targets and stop losses, as well as a level at...
This thing has been on a descend for awhile now. I think we found a bottom for the daily range. *Not Weekly*. Past performance when checking out the 4hr chart shows a very similar setup. The area has been highlighted to make your life easier. Just scroll back. It has got a lot of steam on the 4hr - Daily range. All looks well but then again, this is the market....