XLMUSDIchimoku daily chart. Waiting on the kumo twist from red to green, to confirm entry. I have a possible 1:1 target zone. Not advice. Good luck to you all.
Ichimmoku
BSVBTCIf price enters the kumo and completes an edge to edge - look for yourself. BSVBTC is currently in consolidation. I'm waiting for a kumo twist to confirm.
NEOBTCIchimoku showing sell signals - see chart. Candles have formed an evening star, reversal pattern. Not advice.
Ready, steady, GO (Hard) at $7790. Three indicators.Read, steady, GO (Hard) at $7790. Three indicators - 20 week MA, Weekly Ichimoku Kejun & daily Fibonacci you can use to trade this play.
Upwards action is likely to pick up pace nearer to Kejun the price gets.
20 MA time for ALT bull too!
BTCUSDT. 4 hr Fibonacci Says 'Yes' But Market Is Weak. Yes, am expecting more upward momentum, but generally, very lackluster. Might be lucky to get up to $7230 but not worth betting the house on. Yes, day high for this week is about 7230, so if you are doing this trade, certainly should consider getting out of it by 00:00 UTC.
ETH setting up for another mini pumpIf price breaks the cloud it will more than likely pump to the 1.618 extension fib. For whatever reason the cloud is perfect on the 15min timeframe. This is not trading advice, trade at your own discretion, I am posting this to keep a log of different trades.
Cheers and happy trading
sorry for the double chart, thought I had formatted it before posting.
ETHUSD - Backed into a corner againBacked into a corner again on the 4 hour and I don't like that bearish TK cross, but the 1 hour chart looks great with a kumo breakout and bullish TK cross with the chikou de-clouding itself in the next few hours. Seems we are once again in a break out zone right at the 78.6 on the fib. We break 261, i think we are clear all the way up to 280, otherwise down we go to the 230's again.
GBPAUD SS Short +130 Pip PotentialPrice is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and Great RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.8643 (pullback)
Stop = 1.8663
Risk = 20 pips
Profit target = 1.8511 ( The projected daily low)
Reward = 130 Pips
RRR = 6.5 -1
2nd Entry = 1.8604
Stop = 1.8634
Risk = 30 pips
Profit target = 1.8511 ( The projected daily low )
Reward = 93
RRR = 3.1 -1
GBPAUD SS Long + 62 Pip potentialPrice is above the 60 and 15 KS as well as the cloud. This is a Type MA trade with a High probability and good RRR.
Entry = 1.8206
Stop = 1.8186
Risk = 20 pips
Profit target = 1.8268* ( The projected daily high )
Reward = 62 Pips
RRR = 3-1
* the Daily Senkou B is at 1.8238 and that can be expected to provide
resistance. Depending on how the pair gets there I will either close a portion
of my position or at the very least move my stop to flat
Quick look back at what the cloud told usPrice broke out of cloud on 2-Apr, retested top of cloud on 3, 4-Apr with bullish cloud and lagging span above cloud satisfying all long condition which was a good long entry.
Same observation for ETHUSD.
It was also a good edge-to-edge trade.
LONG GBPUSDNo more reason, Just 33-17-17 or 33-17-17 pattern.
Z'A is first wave and just finished second wave.
Keep this order in 9 days
If A is broken out then go to keep in 17 days.
CHFJPY 60 Cloud BreakoutMonthly and Daily direction is down and have met a ll the requirements for a Cloud Breakout:
1. Have a break below the Cloud.
2. Have a TK cross
3. The Chikou is below price
4. The future Kumo is bearish
2 Potential entries for this trade:
First; The Breakout trade. Entry is 4 pips below the low of the Breakout candle (in this case we have to adjust for round number support)
Entry = 112.98
Stop = 113.45
Risk = 47 pips
PT = 3xR = 141 pips = 111.57
Second: a Pullback to the 60 Kejun Sen at 113.31 (turquise line on chart) This entry while providing better risk/reward decreases the probability of success.
Entry: 113.31
Stop 113.45
Risk = 14 pips
PT = 10xR = 140 = 111.91
** The Blue line on the chart is the Daily Kejun Sen and represents a major Support/Resistance level
Kumo BouncingKumo Bounce, waiting to enter on a 4hr candle close inside the channel. Notes on the chart.
Trade with me
My multi-indicator script here
Copper Wave AnalysisPotential long position forming with Copper on daily chart. Using simple wave analysis, Ichimoku overlay, OBV and MACD indicators, signs of a trend reversal in Copper are showing adequate confluence. The daily chart for copper is a good example of plotting Elliot waves. As you can see, ABC corrective waves has fallen between impulsive waves 3 and 4. This is a good general signal of the continuation of the impulsive wave structure.
The Ichimoku indicator is a very reliable indicator in my opinion for confirming trend reversals. When the conversion line (blue line) crosses above the base line (yellow line) following a re-tracement it almost always signals a confirmation signal to the new direction of the trend. Its limitations (perhaps in this case, too early to tell) is that it can give false signals if the security is not clearly trending, as in its forming a triangle or bound in a tight horizontal channel.
The MACD shows that a cross over has already occurred and looks to continue to move higher. The On Balance Volume indicator is showing signs of divergence between the lower lows of Copper and the OBV price line, however, the divergence is not strong but adequate.
Volume is at very low levels which is always a good forward signal of an impulsive move in either direction. For a strong confirmatory long position, wait for a definite cross over in the Ichimoku base and conversion line. It is best to place a buy after a candle has completely closed above the conversion line. Other confirmatory signals such as increased volume and a strong positive move in the OBV are also solid signals of a beginning trend.
Watch it closely the next week to see if it is starting a new trend or forming a triangle/flag/wedge.
Gold Trend Reversal - Double Bottom, MACD and OBV divergence Gold is currently at a 13 month low and key indicators are starting to show a potential trend reversal. On Balance Volume is showing a divergence over the past week. OBV is a key momentum indicator and divergences in price and indicator usually provide a reversal signal. MACD indicator is a common divergence indicator and is showing clear divergence. Also, it is showing a clear triangle formation with classic Elliot wave movements ABCDE.
The price channel of Gold has failed to touch the lower support line but instead created a horizontal support equal to the previous 13 month low on July 10th 2017. There is a strong confluence of indicators and price action that suggest a trend reversal. When the trend reverts to bullish, I expect a very strong bullish move up as volume levels are at extreme lows.
Also on the chart is my faithful Ichimoku indicator, its an indicator I have been using recently and is especially helpful for finding Elliot waves and confirmation of price trends.
I am quite confident about this one.
Euro Trash - EUR/CHF Iciomoku Short Trade IdeaThis pair has been in a nice bearish trend for a while, it's still forming lower lows and lower highs. Our major bearish signs are still there and I'm looking to hop in a trend continuation to the downside. I'm just looking for a move lower to enter my short bias trade. I've drawn out a few potential Take Profit levels on the way to my long term target of 1.1540 European Union sentiment of not wanting to raise interest rates until next year also leads me to believe there will be some EUR weakness ahead, especially if they stick with their plan of bond investment. If we fail to form a lower low or our bearish signs change, this setup may become invalidated.
BOE move in the works? - GBP/USD Ichimoku Short Trade IdeaComing up this week we have the Bank of England Rate decision. It's pretty much set that they will raise rates and I believe this has already been priced in to the market already. Instead of playing on GBP strength based off the news I'll be looking for a drop shortly after the news hits. I'm waiting for a drop below the cloud to enter a short position. I've drawn out a few potential Take Profit levels on the way down to my long term target of 1.2963 We also have some bearish confirmations right now like the bearish TK cross and chikou span is starting for fall through price. It would make me a little more comfortable to get a bearish kumo twist to help confirm my bearish bias. If we fail to break below the cloud or our bearish confirmations change, this setup may become invalidated.
The Final Countdown - Ichimoku EUR/CHF Trade IdeaWe're at an important level here where we've already been rejected twice in the past couple weeks. If we can finally breakout above the 1.1650 level then we could be headed up long term. I am looking for a tenken sen bounce to try and get in a bullish trend continuation. All signs remain bullish for now but I'll continue to watch our confirmations in case we get rejected at this important level a third time. If we fail to break above the 1.1650 level, or our bullish confirmations change to bearish, this trade setups may become invalidated.
EUR to do the Pounding? Ichimoku EUR/GBP Trade IdeaThis pair has been on a nice bullish run lately and we are now looking for this strong support level to hold. I am looking to enter a kijun bounce trade here which will allow us to keep a pretty tight stop loss and a nice risk reward ratio. I am targeting the previous candle stick body close as my take profit point. If we break below kijun or our bullish confirmations change to bearish, this setup may become invalidated.
