DXY under pressure to 102 areaMy personal opinion is that DXY is still weakening. It could drop to the 102 zone. If everything goes right, this target will be achieved this week.
Ichimoku Cloud
$STNE Fibonacci and Ichimoku Daily As always learning or going back to learning. A chart a day makes one happy every day!
Take Profit and Stop Loss
Used Fibonacci 4 Hour for Stop loss and for take profit used Daily Fibonacci. Now Ichimoku is the base chart for guidance
You always learn by doing it. I bought it on my long term plan and am also setting an alert for this on Trading View.
Ichimoku Cloud: How To GuideHave you ever considered using the Ichimoku Cloud, a powerful and versatile technical analysis tool that goes beyond traditional chart analysis?
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Discover the Ichimoku Cloud, technical analysis tool developed by Japanese journalist Goichi Hosoda in the late 1960s.
This method visually represents support and resistance levels, providing crucial insights into trend direction and momentum.
Let's delve into the key aspects of the Ichimoku Cloud, providing you with insights and skills to take another step up in your trading game.
1. Understanding Ichimoku Cloud
Components of the Cloud:
The Ichimoku Cloud comprises five key elements — Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and the Kumo (cloud). Grasping the role of each component is fundamental to interpreting the cloud's signals.
- Kijun Sen (red line): The standard line or base line, calculated by averaging the highest high and the lowest low for the past 26 periods.
- Tenkan Sen (blue line): The turning line, derived by averaging the highest high and the lowest low for the past nine periods.
- Chikou Span (green line): The lagging line, representing today’s closing price plotted 26 periods behind.
- Senkou Span (red/green line): The first Senkou line is calculated by averaging the Tenkan Sen and the Kijun Sen and plotted 26 periods ahead. The second Senkou line is determined by averaging the highest high and the lowest low for the past 52 periods and plotted 26 periods ahead.
It’s not necessary to memorize the computations; understanding their interpretation is key.
2. Trading Strategies with Ichimoku
Kumo Twists and Turns:
The twists and turns of the Kumo offer valuable signals. A bullish twist occurs when Senkou Span A crosses above Span B, while a bearish twist is signaled by the reverse. These crossovers present entry and exit points.
The Power of Kijun-sen and Tenkan-sen:
The relationship between the faster Tenkan-sen and the slower Kijun-sen offers additional insights. A bullish crossover suggests a potential uptrend, while a bearish crossover may indicate a trend reversal.
Utilizing the Lagging Span:
The Lagging Span (Chikou) acts as a momentum indicator. Confirming its position relative to the price and cloud provides a powerful confirmation tool for trend strength.
3. Practical Tips for Ichimoku Trading
Timeframe Considerations:
Adapt your approach based on the timeframe. Longer timeframes offer a broader market perspective, while shorter timeframes can reveal short-term trends.
Risk Management:
Like any trading strategy, risk management is paramount. Set stop-loss orders, and ensure risk-reward ratios are carefully considered before executing a trade.
Backtesting and Practice:
Before going live, engage in extensive backtesting and paper trading. This will hone your understanding of Ichimoku signals and enhance your ability to interpret them in real-time.
4. How to Interpret Ichimoku Lines
Senkou Span:
- If the price is above the Senkou span, the top line serves as the first support level while the bottom line serves as the second support level.
- If the price is below the Senkou span, the bottom line forms the first resistance level while the top line is the second resistance level.
Kijun Sen:
- Acts as an indicator of future price movement.
- If the price is higher than the blue line, it could continue to climb higher. If below, it could keep dropping.
Tenkan Sen:
- An indicator of the market trend.
- If the red line is moving up or down, it indicates a trending market. If it moves horizontally, it signals a ranging market.
Chikou Span:
- A buy signal if the green line crosses the price from bottom-up.
- A sell signal if the green line crosses the price from top-down.
As a trend-following indicator, Ichimoku can be applied across various markets and timeframes. Emphasizing trading in the direction of the trend, it helps avoid entering the wrong side of the market.
With its combination of support and resistance levels, crossovers, oscillators, and trend indicators, Ichimoku simplifies complex analysis, making it an invaluable tool for traders seeking a comprehensive approach to technical analysis.
Dive into the charts, explore the strategies, happy trading!
Update on $NVDA Daily. Updated support and targetThis is for my learning and storing it for eternity. Collaboration is a good idea and posting it for educational purpose only. Slow and Steady wins the race
1000PEPEUSDT.P Bybit - TargetsPEPE broke up from its bottom range after a beautiful double bottom and it's trying to take support above Extended Zone 1 (TP1).
When this is happening, I see PEPE flying through targets and maybe end up to TP4 quite fast.
Watch this meme coin, it's going to be interesting :)
BTC retraces back to 31,500 area after reaching target of 36kBTC retraces back to the 31,500 area after reaching the target of 36k.
A significant level of 36k has been done. In my opinion, it will have some correction.
Ichimoku RSI Analysis RSI was in oversold area, so I expect a bullish correction and price can touch the Kumo!
Market Insights: Germany, Europe's only HopeRecent market movements in Germany and Shanghai have unveiled an intriguing confluence of factors worth exploring.
In Germany, the monthly market trends reveal a mixed narrative. While the indices have shown a bearish trend over the last few months, there are hints of optimism. The Tenkan-Sen remains above the Kijun-Sen, and the price is positioned above the Tenkan-Sen, traditionally regarded as bullish signals. The Senkou Span A hovers above Senkou Span B, and crucial indicators are above the Kumo Cloud, bolstering a potential bullish outlook.
However, this technical analysis should be considered alongside Germany's inflation data, which has shown signs of easing. While lower inflation often benefits equities, it may also reflect weakening demand and economic growth. This shift could influence central bank policies, bond yields, and currency dynamics, with varying implications for sectors.
On the other side of the globe, Shanghai has been marked by its own set of dynamics. Recent reports suggest a bullish sentiment, underpinned by a reversal in China's 10-year yield from three-year lows and proactive central bank measures.
While these developments paint an optimistic picture for Shanghai, it's crucial to remember that markets are complex and multifaceted. The interplay of technical indicators, economic fundamentals, and global conditions collectively shapes market trajectories. As investors, staying attuned to both Germany and Shanghai's evolving stories will be key to making informed decisions in the months ahead.
Ichimoku RSI AnalysisRSI was in oversold area, so I expect a bullish correction and price can touch the Kumo!
Ichimoku RSI AnalysisWe see a bearish regular divergence in RSI, so I expect a bearish correction and price can touch the Kumo!
Ichimoku RSI AnalysisRSI was in overbought area, so I expect a bearish correction and price can touch the Kumo!
Ichimoku RSI AnalysisRSI was in overbought area, so I expect a bearish correction and price can touch the Kumo!
GBPUSD downward momentum to 1.2400 areaIt has broken out of the range and maintains its downward momentum. Target 1.2400 below.
DXY is stronger and heads to 105 areaIt maintains its upward momentum and is moving towards the target of 105. Through this index, you can plan to buy USD and sell other foreign currencies such as GBP and EUR.
Ichimoku RSI AnalysisPrice was in overbought area, so we expect that price come down and touch the Kumo!
Bearish flag on EURAUDlooking to go short on this chart pattern. Entry will be below 1.6800, Stops above 1.6887, targets at 1.6636, 1.6560
GPBUSD Short Heavily On Higher ChartWe have thoroughly analyzed the pair since Monday of this week on our website and video channel.
Overall on the weekly and daily frames is in a downtrend.
On D1 gave cloud test signal.
On H4, the selling force is still dominating.
If the support above H4 is broken, the futures of the pair will continue to fall.
Stocks - NN GROUP NV - macro viewHere's a quick macro view of the stock from Dutch insurer NN using Ichimoku cloud indicator. Indicated are the zones/levels of interest where we can be looking to invest long term.
Note: this is my view and not financial advise.
EURGBP proper setups! According our observations, there are just a little more sellers in the market. Remeber we could just gauge traders which are not big players in the forex market.
Most main important levels are 0.8690,0.8595 and 0.8520. We use the rest of them just for riskfree and saving profits.
We'll long around 0.8595 and also we aim to short the pair around 0.8690. the 0.8520 level is another good option to long in next weeks.
4h OB
Ichimoku horizontal levels
Buyers and Sellers levels
GBPUSD up to sell down on the big time frameI spent 2 hours and 30 minutes studying the charts and summarizing it for you.
Please note that this is a plan and market entry conditions will vary from time to time.
You need to consider the momentum of the candle as well.
GBPUSD is still moving in the range of H4 but the general trend on major charts like Daily and Weekly shows that the pair is still in a downtrend.
