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Ichimokuforex

USD to Recover? - USD/JPY Ichimoku Long Trade SetupFor this pair we've gotten some mixed signals but overall it is trying to head back to bullish. This setup is going to take some time to validate so it's more of a futurecast vs something we can try to hop in right away. I need a couple more confirmations to help confirm this bullish bias include a bullish kumo twist and a bullish kumo breakout. We're still a little ways from that but I want to watch this one develop as the longer term bullish implications may carry us a ways if we get it. I've drawn my entry at a flat kumo area which signifies a significant level of support and resistance. An alternative entry if we fail to rise that high is to enter on a bullish kumo breakout where my stop loss currently is, so we'll have to watch to see how this progresses. If we can get those confirmations I'll look to get long, and I've drawn out my longer term target as well as some partial take profit levels to aim for along the way. If we fail to get my final confirmations or break through resistance, this setup may become invalidated.
Long
by The808Trader
1
Euro Weakness Still To Come? - Ichimoku EUR/USD Short Trade Our Bias has shifted to looking for bearish entries as this pair continues to decline. I am looking for a drawback entry and rejection at tenken sen to look for my short entry, but as an alternative we can also trade a break below current price structure. I've also drawn out some partial take profit levels along the way to aim for, should I find a good entry in the first place. If we fail to find a rejection at tenken sen, or fail to break below current price structure support, this setup may become invalidated. 
Short
by The808Trader
Continued GBP Weakness? - Ichimoku GBP/USD Short Trade SetupThis is the same setup from a week ago, but I am continuing to look for more entries as we try to break down price structure support. I entered off the setup last week but I will be locking in some profit if we continue to fall and continue to take additional small positions if it progresses down. I would issue a word of caution as we approach fractal levels and the flat kumo level to the left of price as those levels are typically tough to break through. If we fail to break that price structure or maintain this trend below the kumo, this setup may become invalidated.
Short
by The808Trader
1
Euro to break support? - Ichimoku EUR/USD Long Trade SetupAfter being in a period of consolidation we're finally seeing an attempted move to the upside. I am looking for a slight drawback and support to hold for a chance to look for a long opportunity. As an alternative we can also wait for a break of our recent price structure high (which if you look left of price, you'll see we were rejected at previously as well). If we fail to get a good drawback and support candle for entry, or if we fail to break previous price structure resistance, this setup may become invalidated.
Long
by The808Trader
1
Silver to Shine? - Ichimoku Silver Long Trade SetupSilver has been slowly but steadily falling over the past two months or so but we have finally gotten a bit of a kick up here. We are close to a bullish TK cross as well. I am looking for a drop to support for a buy entry. I've drawn out some partial take profit levels and a medium term take profit level to aim for. This analysis does conform with fundamentals that silver is undervalued as well. What we have to be careful of is wanting the technical side to line up with the fundamentals, we need to be patient and let the market vet that out for us as we continue to look at the technicals for the shorter term outlooks. If we fail to get a drawback for a good long entry we could also consider a buy above the recent price structure highs. If either of those two scenarios play out, this setup may become invalidated. 
OANDA:XAGUSDLong
by The808Trader
More Aussie Weakness? - Ichimoku AUD/USD Sell Trade SetupWe caught the beautiful drop a couple weeks ago and we're going to look for more bearish entries as long as the market shows us our bearish confirmations. I am looking for a nice rejection at kijun sen for a chance to sell. Ideally we would see that right away, but news may push price around and this may end up becoming more of a sell stop entry later in the week. Either way, if I find a good sell entry I'll be aiming for our recent price structure lows, then even lower price structure lows from a couple months back. If we fail to hold at resistance or to break lower, this setup may become invalidated. 
Short
by The808Trader
Pound Strength To Continue? - Icimoku GBP/JPY Long Trade SetupThis pair made the bearish move we were looking for before finally finding some support and rising over the past week and a half or so. We went into the kumo, broke out, fell to test support, and have now started rising. I am looking for that similar drawback and testing of support for a chance to enter into a buy. I've set my entry level near the wicks of the previous resistance we saw. This is not a setup that I will be setting a limit order for, I will need to watch to make sure that we see support form at that price structure level before I dive into a new position. If we can form a good support candle there or show some good price interaction at that level I will get long, hoping for my long term swing target I've drawn out. I also have some partial take profit level I'll be aiming for, should I get a good entry. If we fail to get a good drawback, resistance doesn't hold, or we lose our bullish signs, this setup may become invalidated.
Long
by The808Trader
Kiwi Fighting Back? - Ichimoku GBP/NZD Sell SetupThe Kiwi finally started showing some bite last week as this pair dropped down and through the kumo. I am looking to see if that trend will now continue. I would like to see a re-test of the kumo and a good rejection to enter a sell. If we can get that drawback and sell entry then we still have some good price structure to aim for down below. If we fail to get a drawback for a good entry, we could alternatively enter below the recent price structure lows should we piece that level as well. If we fail to fulfill either of those scenarios, this setup may become invalidated.
Short
by The808Trader
Yen Making A Come Back? - Ichimoku USD/JPY Sell TradeThis pair had been in a consolidation zone for over a week (shown as the blue box) and we've finally broken out below it. I am now looking for a confirmed bearish kumo breakout to enter a sell. I've drawn my entry point at a flat area on the kumo that also lines up near the end of the wicks of the failed bearish moves we've already had. My longer term target was drawn out previous price structure and a flat kumo, as well as a kumo twist. If we fail to get the breakout or close below the flat kumo we want for entry, this setup may become invalidated.
Short
by The808Trader