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Ichimokuforex

Euro Bull Run Still On? - EUR/USD Ichimoku Trade SetupAfter establishing a strong trend up we are likely to see some sort of gap or drawback with the Brexit delay news. I am looking for that drawback to happen at or near price structure support. If we can get the drawback and price show good signs of holding by a good support candle, I will look to enter and long and continue to hold the overall bullish trend. If we fail to hold support or if the gap down is too large, this setup may become invalidated.
Long
by The808Trader
AUD/JPY Bullish Run? - Ichimoku AUD/JPY Long tradeThe Aussie gained a little bit of strength last week, pushing up and out of the kumo. I am looking for a drawback for a chance to get into a bullish trend trade. My ideal entry is at a drawback to price structure support as I've drawn out with a good support candle forming. If that opportunity presents itself I will buy and aim for the major price structure target I've drawn out, as well as my longer term target at the bottom of a range bounce zone we had been stuck in for quite some time. If this scenario fails to play out or a good entry does not present itself, this setup may become invalidated.
Long
by The808Trader
AUD/CHF Bullish Push? - Ichimoku Long Trade SetupThis pair consolidated for a couple weeks before finally getting a big push up. I am now looking to see if we can establish a longer term bullish trend as I look for chances to get long. My ideal entry is a drawback to tenkan sen and price structure support for a chance to buy. I've drawn out a couple of targets on the way to the major price structure target I've labeled on  the chart. If we fail to hold support or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
NZD/JPY Time to Rise? - Ichimoku Swing Trade SetupThis pair had a solid kumo breakout last week and I am looking to hop on what could potentially be a longer term trend move. I am looking for a slight drawback to support for a springboard up and my entry point. I am targeting the major price structure level I've labeled as well as another past level as my overall target. As long as this trend holds I will hold some portion of my original entry open (while in profit), and look for new places to entry on the way to the longer term target. If we fail to maintain a bullish trend or our confirmations change, this setup may become invalidated.
Long
by The808Trader
Kiwi to Fight Back? - NZD/USD Ichimoku Long Trade SetupThe kiwi has started to fight back a little here and is now attempted a kumo breakout. We are in the middle of a drawback to re-test our trend support at the kumo and tenkan sen. I am looking for support to hold for a chance to get long as we attempt to rise up and challenge previous price structure resistance. I've drawn out several partial take profit levels we can aim for along the way to our final price structure target. If we fail to hold support then this setup may become invalidated.
Long
by The808Trader
JPY to Break Resistance? - EUR/JPY Ichimoku Short Trade SetupPrice has slowly been trending toward and we've stalled out a bit here. We can see kijun sen has gotten a bit flat, but I am looking for a break of price structure to get into a short trade. I've also drawn out some important levels to aim for a long the way to our price structure target. That test and close below our entry level is what will help me decide whether or not get short. We have a pretty decent risk to reward with a stop being set at kijun sen. If we fail to get that break of price structure this setup may become invalidated.
Short
by The808Trader
Can Eur break resistance? - EUR/USD Ichimoku Long Trade SetupWe failed to get our rejection back down last week so I am looking to see if we can break up and through price structure and the kumo to test previous price structure resistance. It's worth noting that this break should signify a break of kijun sen resistance on the daily chart as well. If we fail to get this move up started then I'll zoom out to the daily and look for a rejection back to the downside. I've drawn out some price structure levels to aim for on the way to our price structure target as well. We'll keep a close watch on how price is moving after market open and see what price is telling us. If we fail to break higher, then this setup may become invalidated and we'll zoom out to the daily to look for a possible short.
Long
by The808Trader
1
USD to Pound the Pound? - GBP/USD Ichimoku Short TradeWe had a bearish breakout with this pair last week and I'm presenting two different ways to look to hop into this trade to get into the bearish trend. I would prefer to see a drawback and rejection which is how I've setup this trade up. A good rejection at the entry level I've drawn would give me a clear signal to enter. That is going to give us the best risk to reward and is typically how I prefer to enter trend continuation trades. As an alternative, if we don't get a drawback, I've drawn out a level that we can set a sell stop entry at. If we break that level then it will be good enough for me to enter a sell for a further move down. If either of those scenarios fail to play out, this setup may become invalidated for now.
Short
by The808Trader
Aussie Decline? - GBP/AUD Ichimoku long trade setupThis is setting up to a week of drawback and trend continuation setups! We've broke above a strong level here with GBP/AUD, and I am looking for a drawback and a sign for a chance to buy. If we can get the drawback and price action present us with a good chance to enter, I'll get long with the targets I've drawn out. I am aiming for price structure highs as my overall target but I've drawn out several partial take profit levels along the way. If we fail to get a drawback or good price confirmation for entry, this setup may become invalidated.
Long
by The808Trader
2
Cad Weakness? - USD/CAD Ichimoku Long Trade SetupWe have a kumo breakout here with USD/CAD and I'm looking for a chance to hop into a bullish trend. We've gotten a little bit away from tenkan sen here which leads me to believe we'll probably get a drawback to the kumo or tenkan sen soon. I am looking for that drawback and support to hold for a chance to get back long. With the news of the Drone attacks on Saudi oil sites, this may gap down and get us a good entry to start off the week. I've drawn out my major Take Profit level at price structure highs, as well as several partial take profit levels to aim for along the way. If we fail to get a drawback or support doesn't hold, then this setup may become invalidated.
Long
by The808Trader
More Euro Weakness - EUR/USD Ichimoku Short TradeFor this setup we're going to zoom out to the daily chart. We've had some good indecision and wick rejection candles. I am looking for a break of the previous candles low wick to enter my short. This is also combined with a look at the fundamentals of the EU as interest rates sit flat and not a lot of growth prospects. If this move doesn't play out right away I would still keep an eye on it as I see the USD gaining on the EUR over time. As long as we break that previous candle low I will enter my sell looking at previous price structure lows as my overall target, with a couple other price structure targets I've drawn out along the way. If we fail to break lower or if our bearish signs change, this setup may become invalidated.
Short
by The808Trader
Pound to end the weakness? - GBP/CHF Ichimoku Long Trade SetupThis is a second entry on a previous trade setup that we took a look at. We're already running in profit from the previous trade setup, but we've gotten a bullish TK cross and I'm watching for the pound to try and push higher. We have been consolidating a little bit here but especially if we can break up and above the first target line for the new trade, we should be able to get a big rise. We can try to entry right at market open or wait for an actual touch on tenkan sen for a confirmed buy entry. If we fail to hold support or climb higher, then this setup may become invalidated.
Long
by The808Trader
Yen to Fade? - USD/JPY Ichimoku Long TradeThis pair has been pretty flat over the last couple weeks as the fundamentals are starting to play out. This is a longer term swing trade setup I have on my radar. I am still going to wait for a breakout of the zone we've been stuck in to help confirm my longer term bias. If we can close above my entry level it should be all the confirmation we need to get a push to the upside. I've drawn out several partial profit levels on the way to my longer term target, which is at previous price structure resistance. If we fail to get our breakout and hold support, then this setup may become invalidated.
Long
by The808Trader
USD Strength back? - USD/CHF Ichimoku Long Trade SetupLast week finally allowed for this pair to break up and above previous major price structure resistance. I am now looking for that previous price structure to act as support. Ideally I am looking for a drawback and a good support candle to form to help confirm my bias for a long entry. With the last candle of the week, we may have started that drawback so we'll have to pay close attention here at the beginning of the week. We also have to remember it is a US holiday so things may be a little slow volume wise for our normal New York session. If we can get the drawback to price structure support and hold, I'll enter my long with the targets I have drawn out. As usual I will be taking partial profit at those levels on the way to my longer term target. I also leave some of my position running as long as the trend stays valid so our targets can extend well beyond what I've drawn out. If we fail to get a drawback or if support doesn't hold, this setup may become invalidated.
Long
by The808Trader
USDJPY - Divergence on Major Support with 500 Pips Gain*Yellow = 200 EMA | Blue = 100 EMA This is the FX:USDJPY with Ichimoku overlayed with two moving averages. This pair is setting up nicely for a 500 pip move between 104.499 and 109.621. The support around 104.50 level has been used as resistance multiple times during September and October 2016. It has been used as support March 2018, January 2019, and August 2019. This support also moves in confluence with a 0.786 Fibonacci Retracement Level and resistance moves in confluence with 0.5 Fib Level. This strong level is also being approached with bullish divergence between RSI(14) and price . The RSI hit the 25 level end of June 2019 and proceeded to fall over 200 pips (106.740 - 104.50 level Approx.) while RSI moved up to over 35. What to look for? a) Break of Kijun Sen The Kijun-Sen is also called the Baseline and acts as a moving average as well as major resistance/support. A break of this moving average would indicate further action supported by the Kijun-Sen and most likely a complementing Tenkan-Sen (Conversion Line) cross. b) Kumo (Cloud) Twist The Kumo Twist is the Ichimoku Cloud transitioning from one side to another and in this case, would signal the move from bearish to bullish sentiment and indicate further bullish price action. c) Kumo Breakout The Kumo breakout accompanied by the other two factors would be a show of strength off the support and a potential play for the resistance. Keep an eye out for these factors, and good luck traders!
Long
by olympus_trading
Pound Power? - GBP/CHF Ichimoku Long trade This pair got a nice rise at the end of last week, breaking through the kumo before eventually falling back down. We are now approaching tenkan sen in the kumo and I am watching to see if it will act as support for another kumo breakout. If we can get that breakout I've set my entry level at previous price structure resistance I want to see broken to help confirm my long bias. If we can break it, we should be able to climb higher and I've drawn out several partial take profit levels on the way to my overall swing target. If support doesn't hold or we can't break through the previous price resistance, this setup may become invalidated.
Long
by The808Trader
4