USD/JPY BEARISH 1-3 MONTH OUTLOOK.Outlook is bearish for the next few months. Watch lower time frames before opening sell position. Good Luck :)
Ichimokuforex
Update on USDNOKPossible long trade opportunity on this pair.
Wait for a higher high, aswell as for the resistance at 10.692 getting broken.
If a uptrend is confirmed in your trading system, the first price target should be 10.911, the second 11.224.
Stop Loss is at 10.385.
Thanks for Reading :)
AUDUSDSo this is audusd
I love this trade and I am looking for a great outcome from this pair.
Right now I am waiting for the price to break either the resistance zone or support zone, it is currently bullish so I am mainly looking for a buy
My rules are as follows
1. Price breaks out of the cloud
2. Lagging span breaks cloud which signals a full-on reversal
3. Break of structure which is in a downtrend must break a LOWER LOW and on an uptrend, the price must break the HIGHER HIGH
However this is a mid trend, the cloud is bullish so I am waiting for a break of structure
I WILL UPDATE ON WHAT HAPPENED <3
EURUSD BEARISH I am looking for a SELL on EURUSD. Price is below the cloud, chikou span is below the cloud, price is in consolidation at the moment but a break of support will carry price further. If the trend does happen to change, I will be looking for buys when price breaks the cloud to the upside and my resistance area at 1.12326. Overall I have a bearish sentiment
GBP/AUD Gap Closure SellThis is a slightly different setup than I normally take but the risk to reward is pretty good here.
I'm taking a sell here for a gap closure and even a little beyond it to the flat kumo level.
While this isn't my usual ichimoku setup I do like to take these gap closure trade when the risk to reward is strong.
More GBP Strength? - GBP/USD Ichimoku Long Trade SetupWe've got a little bit of a gap up here and I'm looking for a chance to buy on a slight drop.
I've drawn my entry line at a potential support area that I'm looking for a drop to as well as support to hold to help confirm it's time to keep buying this pair.
You can see my price structure that I'm setting as a take profit left on the left side of the screen.
I'm setting my potential stop loss down at a flat kumo level that's acted as resistance in the past.
If we fail to drop and hold support, this setup may become invalidated.
Further GBP Push? - GBP/NZD Ichimoku Drawback SetupThis pair steadily rose last week forming some new price structure support along the way. We are currently in a drawback testing that support and i am looking for a chance to get long if we show signs of that support holding. I've drawn a potential buy entry I'm watching at our kijun sen and a previous structure support level. If we form a support candle or show signs of that support holding, I will get long. I've drawn out my target which is our recent price structure high, as well as a few partial profit levels to aim for along the way. If we fail to get a further drawback, or if support doesn't hold, this setup may become invalidated.
EUR/AUD Drawback Ichimoku SetupThis pair broke through resitance and the kumo last week to start a bullish run.
We have a bullish kumo continuing to form and chikou span is above price and clear.
I am looking for a drawback to previous price structure and kumo resistance to now act as support.
If we can get the drawback to the entry level I've drawn and show signs of support, I'll get long.
I'm targeting overall price structure highs to the left of the screen, and I've drawn out several partial take profit levels to aim for along the way.
If we fail to get the drawback, support doesn't hold, or our bullish confirmations change, this setup may become invalidated.
EUR/JPY Ichimoku Swing TradeThis is a longer term swing trade that I am currently looking at.
Price structure looks good and all signs look bearish, there are two ways to enter this trade.
The more ideal of the two is how I've drawn it on the chart here with a drawback and resistance holding to push further down.
The second way is to take a trade with a break below our current candle low. Taking the second style of entry lessens our risk to reward ratio but we still have plenty to give with the length of this setup so it will come down to personal preference.
If we fail to maintain our bearish confirmations or if we get a major drawback past the resistance we're using for this setup, it may become invalidated.
GBP Ready to Rise? - GBP/USD Ichimoku Long TradeThe pound made a big comeback last week and now we're testing the flat kumo.
I am not interested in a buy until we prove that we can break up and above previous resistance which is where I've drawn my entry line.
We have bullish confirmations right now but the bullish kumo is still in a weak area down and below the previous bearish kumo.
We are testing and holding tenken sen, but also having trouble breaking through the kumo so we'll want to keep an eye on that battle and see how it plays out.
If we can break above the previous resistance and kumo, then I've drawn out a few partial take profit levels on the way to my overall price structure high target.
If we fail to get the breakout we need, or if our bullish confirmations change, this setup may become invalidated.
NZD ready to fight back? - GBP/NZD Short Trade SetupThis setup is pretty straight froward. I am looking for a bearish kumo breakout to validate a sell signal.
Right now we are holding back above the flat kumo, so I need to see that level broken where I've drawn my entry level to help confirm it is indeed time to sell.
I've placed my stop for this setup above the recent price structure Lower High.
As usual I've drawn out my partial take profit levels on the way to my overall price structure target. If we fail to get that breakdown, then this setup may become invalidated.
USD/CHF Bullish Breakout ContinuationThis pair finally was able to break up and out of some major price structure resistance last week.
I am now looking for a drop back down to that level to see if it can act as support.
If we can get a decent support to form I'll look to get long at the level I've drawn as the push continues upward.
I've drawn out partial take profit levels on the way to my overall price structure target and placed a tight stop a few candles back from the current breakout we're seeing.
It could also be placed a few pips below the longer wick we see with the recent move up. If we fail to maintain support or if our bullish confirmations change, this setup may become invalidated.
More USD strength? - EUR/USD Ichimoku Trade SetupWe saw a massive spike down and below price structure support last week as the US rallied to some big gains.
I am looking for this new trend to continue to establish itself and am looking for a drawback to enter a sell.
I've drawn a possible entry level where I'd like to see price drawback and reject at for a chance to sell.
I've drawn out my partial take profit levels and major price structure target to aim for as long as the trend is valid.
I placed my stop above the recent wicks we saw from the last little move down we saw.
If we fail to get a drawback we can start looking for sells below our current candles, but the risk to reward is much better if we can be patient and see a retracement first.
If we fail to get that drawback or if our bearish confirmations change, this setup may become invalidated.
Pound over the Yen? - GBP/JPY Ichimoku Long TradeWith the strength we saw in the pound, we've now risen up to test a couple flat kumo resistance levels.
I am looking for a break up and through the kumo and beyond those levels for a chance to get long.
For my overall price target I've chosen a flat kumo level that lines up with a kumo twist.
I've drawn out partial profit levels on the way to that overall target as well.
If we fail to break through the kumo or if our bullish confirmations change, this setup may become invalidated.
More Euro Strength? - EUR/USD Ichimoku Trade SetupThe Euro ended last week gaining some strength against the dollar.
I see this pair as a couple of possible buy opportunities right now.
The first way this could play out is how I've drawn it.
We've pushed up and are now challenging kumo resistance.
If we can break that and continue to hold support we could climb higher to test previous price structure resistance.
I've drawn out a medium term target as well as some partial profit targets to aim for along the way.
The second way this could play out is a major drawback here to try and test support around 1.1055 where we've formed a flat kumo level.
If we get that drawback then we'll look for that support level to hold and a chance to get long there.
If these scenarios fail to play out, or if our bullish confirmations change, this setup may become invalidated.
AUD in Trouble? - AUD/JPY Ichimoku Short TradeThis pair has seen some pretty big movement over the past few weeks and we recently had a pretty big bearish kumo breakout.
I am looking for that bearish trend to continue, the Australian brush fires and the subsequent spending are probably going to hurt the Aussie a bit over the short term as well.
I've drawn out a pretty wide stop loss here above the previous lower high that we saw.
I'm aiming for the previous major price structure lows that we saw with partial take profit levels to aim for along the way.
If we fail to maintain our bearish sentiment or if our confirmations change, this setup may become invalidated.
Bearish Kiwi? - NZD/USD Ichimoku Short TradeThe kiwi has started to flatten out a bit here but I am still looking for the overall bearish trend to end up resuming after the pause we've seen.
I've drawn a sell entry a little below our current price with a stop loss right above the rejection wicks we saw which also lines up a flat kumo area where we ended up twisting back to bearish.
I've drawn out a few partial take profit levels to aim for on my way to my target.
I do want to mention that if this trend resumes we could end up falling much further but I think this mid-term target is a good level to aim for while we watch this pair progress.
If we fail to maintain a bearish trend or if our bearish confirmations change, this setup may become invalidated.
More USD Power? - EUR/USD Ichimoku Short SetupThe USD has been on a bit of a rampage over the past couple weeks and there's not much sign of a slowdown yet.
I am looking for a good chance to enter a sell which may require some patience.
I've drawn out my entry line where I would like to see a drawback and rejection form to help confirm my bias.
As usual, I've drawn out partial take profit levels on the way to my overall target at the bottom of major price structure support.
I've placed my stop for this setup a few pips above a previous rejection wick that I'll be watching to help hold resistance for that further move down I'm anticipating.
If we fail to get a drawback or rejection, or if our bearish confirmations change, this setup may become invalidated.
GBP/NZD - Ichimoku showing a new possible downtrend?GBP/NZD is coming from a very good uptrend and it is fair to ask ourselves if this new down-movement is just a retracement or a possible new downtrend.
The Ichimoku shows a very favorable situation to try to take advantage of this down-movement, getting a nice risk to reward ratio of almost 1:2.
You can see that in the last 2 candles, we already had some symptoms of breakout of the cloud, but I decided to wait for the important news hitting GBP, before confirming this position.
Aussie Shorts - AUD/USD Ichimoku Short TradeThis pair stayed pretty consolidated last week but did see some small upside moves before falling at the end of the week.
We are close to a bearish kumo twist and I am looking for a chance to sell if we can get a break out of our previous price structure support/resistance I've drawn out.
If we can break that level I'll look to get short and target a previous flat kumo and important price structure level.
I also drew out a couple levels to take partial profits at along the way. If we fail to maintain bearish confirmations, this setup may become invalidated.
AUD/CAD Bearish Trend TradeThis pair some some strength for eventually trailing downward last week.
We don't have a kumo twist yet but we are approaching the bottom of the kumo here and I will be looking for a chance to short when/if we get a bearish breakout.
I've drawn my entry line at a level that corresponds with an important price level and a flat kumo area.
If we break that level we should continue downward to possibly test recent price structure lows.
I've drawn out a few partial take profit levels to aim for along the way as well. If we fail to get a bearish breakout, or if our confirmations change back to bullish, this setup may become invalidated
USDJPY rejection on the Ichimoku cloudUSDJPY is in a short term downtrend that is highlighted very well by the Ichimoku indicator, with the two fundamental conditions that are in favor of a bearish scenario.
At the moment, we don't really have a concrete reason to open a short position:
1. There's no sign of sellers. Just a few bearish candles, but nothing special. Two weak bearish engulfing patterns and one strong red candle that has been immediately matched by a strong green candle;
2. Chikou span just crossed the price, going above. This is usually a buy signal;
3. Price above the kijun sen;
4. Tenkan sen above the kijun sen
For these reasons, I would like to propose a sell stop entry order, instead of a market order.
Trading a rejection here makes sense because the price is not only approaching the Ichimoku cloud, but also two key-levels. A first key level is shown in red, it is the horizontal line that starts from last important swing high (red arrow). It is obvious that, if the price goes above it, we need to question the existence of a downtrend, since we would have a higher high, that is a characteristic of an uptrend.
Another important level is highlighted in light blue, with the horizontal line showing a recent short-term resistance, with the price clearly struggling to go above it.
So, if from one side, trading a rejection makes sense, from the other side, we also need to wait for a confirmation, since we still have 4 points (mentioned above) that are not clear or not in favor of a short position.
I placed a sell stop entry order at 108.24, waiting for the price to go down, leaving this short term congestion phase.
At 108.24, we will also have the price very close to the blue line, the red line heading down again and the Chikou span about to cross the price from above.
I decided to place the stop loss above the resistance analyzed before, that would also be above the cloud about 20 candles from the current price.
Regarding the take profit, standard measured move with a small discount, that would give a risk to reward ratio that is better than 1:2.
CHF to Battle on? - AUD/CHF Ichimoku Short Trade SEtupThis pair finally saw a push down after a week of Aussie Strength.
I am looking for a slight push back up to test the flat edge of the kumo.
These areas typically act as a strong resistance and I am looking for a decent rejection to help confirm this bias.
If we can get that rejection candle or a strong hold there, then I will sell down to my overall price structure target I've laid out.
I've also drawn several partial take profit levels to aim for along the way.
If we fail to get the rejection at the kumo, or if our bearish confirmations change, this setup may become invalidated.
