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Ichimokuforex

More Yen Strength? - GBP/JPY Ichimoku Short TradeThe yen has been gaining a bit with money flooding the typical safe havens during the end of the year and most likely with the help of the recent headlines. I am looking for a push back up and another rejection around the yellow zone I've drawn at a major support and resistance level. If we can get a good rejection there we should fall back down to our previous major price structure support I've laid out as my major target. I've also drawn out a few partial take profit levels on our way. If we fail to maintain o our bearish confirmations and trend, then this setup may become invalidated.
Short
by The808Trader
GBP to Strike Again? - GBP/CHF Ichimoku Long TradeWe're going back to the GBP for this setup as well. Very similar to my GBP/USD setup, we saw a big spike with the election news last week and are back down near a flat kijun sen support here. I am looking for a chance to get long to try and get back up to price structure. We're already near a possible entry, but I would like to see a good support candle form to help confirm we are going to head back up. If we fail to hold our support or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
More Pound Strength? - GBP/USD Ichimoku Long TradeWe got a big move out of this pair last week, both before and after the election polls and results were coming in. With that big move came a large drawback down near a flat kijun sen to held the week. I am looking for a little further drop to test that flat kijun sen for a chance to once again get long. I've drawn out some price structure level targets to aim for along the way to the overall price structure highs we reached. If we fail to hold support or fail to maintain bullish confirmations, this setup may become invalidated.
Long
by The808Trader
More Kiwi Strength? - Ichimoku NZD/USD Long Trade SetupThe kiwi has been on a rise for the past week and now I am looking for a drawback and support to hold for a chance to get long back into that trend. We're close to entry here at market open which actually may give us a quick entry into this with the gap that formed. I've drawn out price structure targets on our way to overall price structure resistance that I'm aiming for. If we fail to hold support or if our bullish confirmations change then this setup may become invalidated.
Long
by The808Trader
GBP Bullish Trend to Continue? - Ichimoku GBP/USD Long TradeDespite another stellar NFP report, the dollar didn't make substantial gains against the pound last week. It look like support is holding near where we're currently sitting and if it stays that way I'll be looking to back long. I'd like to see a small drop to the level I've drawn and support to hold there to help confirm my entry. All our other signs remain bullish for now as well. I've drawn out some targets based on price structure off the daily to aim for along the way to previous major price structure resistance. If we fail to hold support or if our bullish confirmations change, this setup may become invalidated. 
Long
by The808Trader
Gold developing harmonic bearish batHarmonic bearish bat currently forming on 4h timeframe. I published this last night: It shows how we started to reverse after hitting the minimum profit target of the deep crab harmonic pattern that formed on the daily timeframe. Once we see the break of the channel I was expecting price to move further to the upside. Now I went down to the 4 hour charts to come up with a decent entry point for this trade, only to spot the potential bat... The momentum is very strong, and im expecting this pattern to complete just below 1508$ I want to thank you all for the support and especially those of you who has been following me since the beginning and those of you who keep supporting my charts. Thank you so much Please give the chart a like as a sign of your support and leave a comment in the section below. God bless and happy trading
FX:XAUUSDLong
by MikulovicFOREX
2
USD/CAD Big Bearish Break Opportunity - Ichimoku Short SetupThis is a forecast of where I need to see price go to if I am going to entertain a sell. We have a big flat kumo level which will act as a strong support. If we can break that level then we have a chance to sell down to at least the price structure level I've laid out as my main target. I've also drawn out some partial profit levels to aim for along the way as well. Ideally, if we get the drop we'll also see a bearish kumo twist to help confirm it is time to drop.  If we fail to break that flat kumo level or maintain bearish confirmations, this setup may become invalidated.
Short
by The808Trader
1
USD/JPY Long Chance - Ichimoku Buy OpportunityThis is a pretty simple drawback setup that I have my eye on going into this upcoming week. We've started to break tenkan sen support so I am looking for a drop down to kijun sen for a chance to get long. Usually I am looking for a good wick to form through kijun sen with the body of the candle closing above it, but I will be watching all price interaction in the case of a fall to support. We have a pretty good risk to reward ratio here and some price structure levels to aim for along the way. If we reach recent price structure highs, I will leave some of the position to run as long as there are bullish confirmations. If our confirmations change or we fail to get a good entry, this setup may become invalidated.
Long
by The808Trader
GBP Ready to Rise? - GBP/JPY Ichimoku Long SetupWe've had GBP/JPY drawn out in a longer term consolidation pattern for a while now. Originally we were waiting for a break and retest of the zone to drop, but that the moment we actually broke to the upside. You can see the price structure to the left that I am looking to grab a buy at, as we attempt to make a bullish push upward. This opportunity is providing a good risk to reward ratio as well. I've drawn out some partial take profit levels on the way to my overall target based off previous price structure. If we fail to hold support, we may fall back into consolidation. If that happens, this setup will become invalidated. 
Long
by The808Trader
Yen to Break the Zone? - GBP/JPY Ichimoku Short TradeThis setup has been on our radar now for awhile, but it still remains valid if we can break the resistance level at the bottom of the consolidation zone we've been stuck in. If we can get a solid break of that zone I'll look to get short and trade down to the bottom of the previous bullish kumo you can see on the left hand side. If we fail to break the bottom of the zone and hold bearish strength then this setup may become invalidated.
Short
by The808Trader
Further Bullish Momentum? - EUR/CHF Ichimoku Long TradeThis pair got a big bullish push over the past couple weeks and I'm looking for that trend to continue. All our confirmations are looking pretty strong right now, I just would like to see a small dip to get a good entry. I'm going to play this one with a pretty tight stop loss since we've been respecting tenkan sen so well. My overall target is previous major price structure highs but I've drawn out several partial take profit levels to aim for as it rises. If we fail to hold our bullish trend or if our confirmations change, this setup may become invalidated.
Long
by The808Trader
USD Strength? - EUR/USD Short Trade SetupThis pair broke down and through the kumo at the end of last week as a trend trend is trying to get established. We are close to a bearish kumo twist, so I would like to see a drawback to resistance to look for a sell entry. If we can get that drawback and form a good rejection I'll look to enter my short. I've drawn out a few price structure levels to aim for some partial profit as well as the overall price structure goal. If we fail to get a good drawback or our bearish confirmations change, this setup may become invalidated.
Short
by The808Trader
Cad Strength Coming? - USD/CAD Ichimoku Short TradeThis is a drawback setup on the 4 hour chart that I've zoomed into the 1 hour chart to take a closer look at. My overall lower target aligns with the kumo cloud low we had recently. It's simple enough to see the bearish move we've started to get here and this setup is looking to capitalize on this move down. If we fail to break the resistance I've drawn for entry, or our bearish confirmations change, this setup may become invalidated. 
Short
by The808Trader
Yen to Reign? - USD/JPY Ichimoku Short Trade SetupThis pair broke down and out of the kumo last week before having a drawback up to kijun sen. I am looking for a simple rejection here at kijun sen and a bearish kumo breakout to confirm a sell. If we get it I'll be aiming for price structure lows, including the most recent move down. You can see the price structure to the left that is giving me an overall target to aim for. As always I'll take partial profit along the way at some of the levels I've drawn out and also be looking to add positions if things continue to work in our favor. If we fail to get a bearish kumo breakout or maintain our bearish confirmations, this setup may become invalidated.
Short
by The808Trader
Aussie Bearish Move - AUD/USD Ichimoku Short TradeThis pair struggled to break the kumo before finally getting the push out towards the end of last week. I am looking for a retest of the edge of the kumo and price structure to form a good rejection candle to enter my sell. I've drawn out a couple targets but you can see the major price structure level I'm aiming for that lines up with the flat bottom of a previous kumo. If we fail to get the drawback to our entry level or if our bearish confirmations change, then this setup may become invalidated.
Short
by The808Trader
EUR/USD Bearish Trend Continuation - Ichimoku TadeThis pair plaid out the consolidation zone we had drawn last week before making a nice bearish breakout. I'm looking for that trend to continue as the US-China deal continues to be developed and shaped out. I am looking or a drawback to the closest price structure level for a rejection so we can hop into a bearish trend continuation trade. Typically I'm looking for a good rejection candle with a wick through support but I'll be watching to see how price acts at this level either way. We have lots of price structure levels I've drawn out but I'll be watching for a push to major price structure lows as my overall target. If we fail to maintain our bearish confirmations or we don't hold resistance at the level I'm watching, this setup may become invalidated.
Short
by The808Trader
GBP/JPY Breakdown? - Ichimoku Short trade SetupThis pair remains in a tight consolidation range and I am watching for some possible downside movement this week. I want to see price close beyond my entry to help confirm it is indeed time to sell. I've drawn out a few targets on the way to my overall price structure target. If we fail to get this bearish breakdown, or if our signs allign bullish, then I will shift my bias and look to enter a long on a breakout of the zone we've been stuck in.
Short
by The808Trader
1
USD/JPY Bearish Trend Continuation - Ichimoku SetupWe got an initial move up last week before JPY strength took over and gave us a bearish kumo breakout. We've had a decent drawback here and look to have formed a good rejection candle at tenken sen. As long as we don't have any large gaps at market open, I'm looking to enter a sell and aim for price structure lows as I've drawn out. This setup has a decent risk to reward ratio, depending on your broker, your chart may look slightly different that this. IF we fail to hold our bearish confirmations, we have a large gap at open, or price close above tenkan sen, this setup may become invalidated.
Short
by The808Trader
1
USDZAR - FOMC Meeting today! (RAND Trade)FX:USDZAR OVERVIEW - Price is sitting below the Kumo cloud and Tenkan-sen below Kijun-sen (bearish) - Chikou span has broken through kumo and we have a bearish twist of kumo = bearish bias on the pair - A falling wedge has developed with and oversold stochastic which could ignite a move to R15 level . (bullish) - We will be waiting for the FOMC rate decision tonight to take any further trades on the pair. A move below R14.50 will target the double top measured move. - Movement in the pair affects many of the JSE's listed stocks. - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
by Trader-Dan
AUD/CHF Small Bullish Breakout TradeWe've hit some strong resistance for this pair and I am looking for it to be broken for a chance to get into a bullish breakout. I've drawn out my buy zone I'm watching in yellow, I would like to see either support form with a good candle, or a breakout of that zone to help confirm it is indeed time to buy. I've drawn out a couple targets on the way to my overall price structure highs I'm aiming for. If we fail to form good support at the bottom of the zone, or breakout of the top of the zone, then this setup may become invalidated.
Long
by The808Trader
USD/CHF Ichimoku Bullish Trend Continuation Swing TradeThis pair saw a nice bullish push last week up and out of the kumo as you can see from the chart. We are still shy of a bullish kumo twist but every other sign still points to bullish. I am looking for a drawback to previous price structure resistance to act as support as a confirmation for entry on this trend continuation setup. Ideally we will see a good support candle for or at the very least a hard support form. If that happens I'll entry my long as we have it here and aim for my overall price structure target I've drawn out as well as take partial profit at some of the levels I've drawn out. If we fail to get a good drawback for entry or fail to hold support, this setup may become invalidated.
Long
by The808Trader
Aussie Strength? - AUD/USD Ichimoku Long Trade SetupThe Aussie gained a little bit of strength last week, pushing up and above prior price structure resistance we can see to the left of price. I am looking for this bullish run to continue, but I want to enter on a retest of price structure support. If we can get that in the form of a drawback and a good support candle form, then I'll look to get long. If we look on the far left we've had some price structure we can aim for in the even that this bullish form continues. If we fail to continue to hold bullish signs or we fail to get a drawback for a good entry, this setup may become invalidated.
Long
by The808Trader