USDCAD Trade Plan
USDCAD - ICHIMOKU CHECKLIST
Weekly
Price vs Kumo: UP
Tenkan vs Kijun: UP
Chikou vs Kumo, Price vs Kijun: UP
Kumo future: UP
Candle : Engulfing bar (strong rejection)
Daily
Price vs Kumo: UP
Tenkan vs Kijun: UP
Chikou vs Kumo, Price vs Kijun: MIXED
Kumo future: UP
Candle : -
H4
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN
Trade Plan:
Weekly & Daily in UP trend. Engulfing bar, a strong rejection in weekly chart indicate weekly UP is weak.
Chikou vs Kumo, Price vs Kijun: MIXED, indicates the up trend is halt.
H4 vs Daily trend are totally contradict, to wait and see the pair to construct a new structure near support levels (38.2/50/61.8)% before looking for LONG trade.
Weekly
Price vs Kumo: UP
Tenkan vs Kijun: UP
Chikou vs Kumo, Price vs Kijun: UP
Kumo future: UP
Candle : Engulfing bar (strong rejection)
Daily
Price vs Kumo: UP
Tenkan vs Kijun: UP
Chikou vs Kumo, Price vs Kijun: MIXED
Kumo future: UP
Candle : -
H4
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN
Trade Plan:
Weekly & Daily in UP trend. Engulfing bar, a strong rejection in weekly chart indicate weekly UP is weak.
Chikou vs Kumo, Price vs Kijun: MIXED, indicates the up trend is halt.
H4 vs Daily trend are totally contradict, to wait and see the pair to construct a new structure near support levels (38.2/50/61.8)% before looking for LONG trade.
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