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Ichimoku_trader

IOTXUSDT 😀 Bullish reversal or double bottom We've got a green market overall as BTC is breaking highs but still we need to be wavy of bull traps!! Specially in alt coins so trade safe and go little by little by areas and taking profits as price goes up. Here's my unbiased plan: Bullish reversal scenerario Confirmation would be when price breaks above 0.01950 then we can look for buy set ups Target 0.20 to 0.22 area Bearish correction Confirmation would be a double top with price unable to break through and bouncing down from 0.0184 Target: 0.016 to 0.015 Let's see how this plays out and be patient for confirmations before pulling the trigger! Happy trading, Kina 😀
by KinaStar
XAUUSD Daily Levels with ICHIMOKU Using the Ichimoku indicator I identified the daily trading levels. If gold is expected to undergo a decline, its first significant support level will be at $1980. If market bears push gold lower, the following critical level will be $1960. If gold experiences an increase, its first significant resistance level will be at $2050, an important price point. This belief that the Federal Reserve is in the process of ending its tightening cycle has led to a decline in the yield of ten-year bonds, followed by a depreciation of the dollar and a strengthening of gold. Aside from that, increased concerns about the occurrence of another recession have led investors to pay more attention to gold, which is considered a safe-haven asset.
OANDA:XAUUSD
by TradingGate
1
Educational : Exploring the Ichimoku Cloud IndicatorIn this article, I have made a sincere effort to explain each and every concept of the Ichimoku Cloud indicator in a clear and concise manner. My aim was to keep the explanations as simple as possible, ensuring that traders of all levels can easily understand and apply this powerful tool in their trading strategies. I understand that technical analysis can sometimes be overwhelming with complex indicators and calculations. Therefore, I have taken great care to break down the components of the Ichimoku Cloud and explain their meanings in plain language. By doing so, I hope to make the indicator more accessible to traders who may be new to the concept or seeking a simplified explanation. Introduction: In the world of forex trading, there are numerous technical analysis tools available to help traders make informed decisions. One such tool is the Ichimoku Cloud, also known as Ichimoku Kinko Hyo. While it may seem complex at first, this indicator offers valuable insights into market trends, support and resistance levels, and potential trading opportunities. In this article, we will dive into the details of the Ichimoku Cloud, explaining its components, calculation methodology, trading strategies, combining it with other indicators, and ultimately demystifying its potential benefits. What is the Ichimoku Cloud? The Ichimoku Cloud is a comprehensive technical analysis tool developed by Japanese journalist Goichi Hosoda in the late 1960s. Its name, Ichimoku Kinko Hyo, translates to "one-glance equilibrium chart," reflecting its purpose of providing a holistic view of the market in a single indicator. Unlike many other indicators, the Ichimoku Cloud is known for its simplicity and ability to convey complex market information at a glance. Understanding the Ichimoku Cloud Indicator: The Ichimoku Cloud indicator consists of several components that work together to generate valuable trading insights. Let's explore each component: Tenkan-sen (Conversion Line): This line represents the midpoint of the highest high and lowest low over a specified period. It serves as a dynamic support or resistance level, indicating short-term market sentiment. Kijun-sen (Base Line): Similar to the Tenkan-sen, the Kijun-sen also represents a midpoint. However, it considers a more extended period and provides a broader perspective on the market sentiment. Senkou Span A (Leading Span A): This line is formed by averaging the Tenkan-sen and Kijun-sen values and then plotted forward by the number of periods used for the Tenkan-sen. It provides an insight into potential future support or resistance levels. Senkou Span B (Leading Span B): This line is calculated by averaging the highest high and lowest low over a more extended period and plotted forward. The area between Senkou Span A and Senkou Span B forms the Ichimoku Cloud (Kumo). The color of the cloud varies based on the relationship between Senkou Span A and Senkou Span B and indicates the prevailing market trend. Chikou Span (Lagging Span): The Chikou Span represents the current closing price, plotted backward by the number of periods used for the Tenkan-sen. It helps traders identify potential support or resistance levels based on historical price action. How is the Ichimoku Cloud Calculated? Calculating the Ichimoku Cloud requires specific formulas based on historical price data. Here is a simplified summary of the calculations: Tenkan-sen: It is calculated by summing the highest high and lowest low over a specified period (typically 9 periods) and then dividing the sum by two. Kijun-sen: Similarly, the Kijun-sen is calculated by summing the highest high and lowest low over a different period (typically 26 periods) and dividing the sum by two. Senkou Span A: This line is formed by averaging the values of the Tenkan-sen and Kijun-sen and then plotting it forward by the number of periods used for the Tenkan-sen. Senkou Span B: It is calculated by summing the highest high and lowest low over an extended period (typically 52 periods) and then dividing the sum by two. Like Senkou Span A, it is plotted forward. Chikou Span: The Chikou Span represents the current closing price, plotted backward by the number of periods used for the Tenkan-sen. Applying the Ichimoku Cloud Trading Strategy: The Ichimoku Cloud can be used to develop various trading strategies. One popular approach is trend following. Here's a simple example: Bullish Trend: If the price is above the cloud, and the cloud is green (Senkou Span A is above Senkou Span B), it suggests a bullish trend. Traders may look for long positions when the Tenkan-sen crosses above the Kijun-sen within the cloud. Bearish Trend: Conversely, if the price is below the cloud, and the cloud is red (Senkou Span A is below Senkou Span B), it indicates a bearish trend. Traders may consider short positions when the Tenkan-sen crosses below the Kijun-sen within the cloud. It's crucial to note that additional analysis and risk management techniques should accompany any trading strategy. Backtesting and practicing the strategy in a demo environment are recommended before using it in live trading. Combining the Ichimoku Cloud with Other Indicators: While the Ichimoku Cloud can be used as a standalone tool, combining it with other indicators can enhance trading decisions. Here are a couple of examples: Moving Averages: Traders often combine the Ichimoku Cloud with other moving averages to confirm trends and potential crossover signals. For instance, the 200-day Simple Moving Average (SMA) can be used as a long-term trend filter. Oscillators: Oscillators, such as the Relative Strength Index (RSI) or the Stochastic Oscillator, can complement the Ichimoku Cloud by identifying overbought or oversold conditions. Divergences between the oscillator and price may signal potential reversals or trend continuation opportunities. Conclusion: The Ichimoku Cloud is a powerful technical analysis tool that offers a holistic view of the forex market. By integrating multiple components into a single indicator, it helps traders identify trends, support and resistance levels, and potential trading opportunities. While it requires practice and understanding, the Ichimoku Cloud can provide valuable insights to both novice and experienced traders. However, it's important to note that no indicator guarantees accurate predictions, and trading always carries risks. Traders should exercise caution, conduct thorough research, and combine the Ichimoku Cloud with other analysis techniques, risk management strategies, and prudent decision-making. In conclusion, the Ichimoku Cloud stands as a unique and comprehensive tool in the forex market, empowering traders with a deep understanding of market trends and potential trading setups. With its ability to simplify complex market information into a single indicator, the Ichimoku Cloud has gained popularity among traders worldwide.
Education
by AhsanTufail
SFPBUSD - Make or Break Triangle Pattern about to burstI've been following this asset since March '22 and it followed the downtrend pretty strongly until it entered into a massive ranging mode. Even though the whole market was moving a lot, this coin continued to play under this strong range. Right now, I've managed to see a triangle formation which I believe it's crucial to identify which way price might go next. We either get a breakdown which signifies a downtrend continuation or we continue to play in the range and it's time the bulls take over temporarily. If we get a breakdown this would be potential profit target zone: 0.2579 - 0.2899 Since it's a ranging market it could just go either way and could be hard to predict. Manage risk accordingly. Happy Trading! ♥
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by KinaStar
JASMYUSDT 😉 Trading PlansWe could potentially have 3 moves I could forecast. Bullish scenario First move would be a break above 0.0046 that would totally mean bulls are taking over but we could potentially see a second move that could be a correction towards previous resistance that has turned into support 0.0042 then the bull move would continue Targets: 0.0057 - 0.0066 Bearish scenario Third move we could see it's a bearish correction for that to happen we should see a double top and failed attempt to move higher at around 0.0043 and an impulse move down into the next key levels. Targets: 0.0038 - 0.0036 or even 0.0030 Let's see how this plays out! I'll update when I open a position Regards, Kina 😉
by KinaStar
2
TLMUSDT 🤔 Downtrend continuation or REVERSAL Hey guys! We'll be monitoring for the bears to get exhausted we've got a couple of exhaustion candles in the daily timeframe and in the lower timeframes price is consolidating. Reversal Bullish Scenario: Target 0.012 safely as 0.014 has turned into a possible supply zone so I only expect to see a slow recovery short term. 0.015 is the key level which had the highest volume traded so I believe price would re-test this level but we need confirmation. Bearish Continuation: No man's land price would create newer and lower lows so trade can be open and moving SL into entry as soon as in profits safely. This would get trigger if the 0.010 level won't hold and support trades below it. Keep it Shiny and remember always question everything Kina 🤔
by KinaStar
IOTXUSDT 😶‍🌫️ Double Bottom Reversal Hey guys! We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range. Bullish scenario would play like this: First target: 0.019 then we'll TP For this to happen I'd like to see some sort of pattern like a double bottom or IH&S. Bearish scenario would go like this: Target open because it would be creating new all time lower lows we'd be then moving stop loss to entry as soon as in profits. But the trigger would be a close below: 0.015 I'm rooting for the bullish scenario as I'm a very hopeful person but we take what the market gives and be open to both scenarios always! Manage risk accordingly and never be biased. Happy trading! Kina 😶‍🌫️
by KinaStar
2
BAJAJ FINSERVHello & Welcome to this analysis Stock appears to have gone into a triangle correction since its OCT 2021 high and could be currently in its iii leg. Immediate resistance at 1490-1510, above that 1600 and then a bigger one near 1750. While support comes in at 1460, below that 1400 and v crucial trendline support at 1300, failure to hold that would drift this stock into a medium term deeper correction else range bound between 1350-1750 for quite some is highly probable Happy Investing
NSE:BAJAJFINSV
by Dinesh_C_Nagpal
WOOUSD 🕯️ Touching Support Area from Rising Channel Pattern We've got 2 things that could happen: It either breaks downward the rising channel it has been trading for a very long time and this means bears would take control so in that case: Bearish target would be: 0.15 - 0.17 area It resumes the uptrend and bounces off this support area as it has been doing for the past months and since NOV '22 actually. So it's been a very long and consistent pattern that has been playing out. I'd be cautious to go against it until a very good confirmation is in place. Bullish Target : 0.26 - 0.30 area Happy trading and I'll keep updating as I see points of interest. Regards, 🕯️ Kina 🕯️
by KinaStar
JASMYUSDT - 2 possible scenariosPrice has currently entered into a trading zone which we could try to predict 2 sides according to that it does in the next days or week. Key zone we are analyzing here: 0.0046 - 0.0042 Bullish if: Support holds and after a double bottom or inverse h&s, we get confirmation of a breakout from the pattern then we can go long. Bearish if: Breaks down the zone then it would go down to the next area which is 0.0034 - 0.0037 Please manage risk accordingly. I'll be updating and following this coin ♥
by KinaStar
8