Ichimokuforex
Ichimoku GBP/USD 4HR ShortRecently started trading Ichimoku on the GBP/USD. With the Tenkan-sen below the Kijun-sen, a bearish future judging by the cloud and the Chikou span being below price indicates a continuation of the bearish trend. on the 4 hour price is trading close to the Tenkan-sen just awaiting the signal and confirmation to short this pair.
please give me any feedback i am still a novice when it comes to trading.
Sour Kiwi? - Ichimoku NZD/USD Short Trade SetupThe Kiwi has been in a nice bearish trend here and it looks to be holding. I am looking to hop in the bearish trend here for a continuation setup. There are two ways to enter this one but I've drawn the one that is waiting a little longer for confirmed moved down, which is where I've drawn out my trigger for entry. As an alternative we can watch for a drawback up to kijun sen and enter off if we see a rejection. This setup also comes after last week's bullish attempt was invalidated and failed. I've marked a longer term swing target as well as some partial profit levels to aim for a long the way if we get the breakdown we want. If we fail to break lower or end up breaking through to the upside, this setup may become invalidated.
Back to safe waters? - Ichimoku GBP/JPY Short Trade SetupDespite being stuck in a relatively tight zone we have been rejected when attempting a longer term bullish trend. We're now sitting at tenken sen and getting rejected so far; a break down below price structure where I've placed my entry could lead to a nice bearish move, especially if we can break previous price structure lows. If you look to the left you'll see there are two main areas of price structure support I've drawn horizontal lines at. I've also drawn these lines to show partial take profit levels in the case this progresses as we have held those levels previously. If we fail to break those levels we will still have had good partial profit and the wort case scenario is that it retraces and takes the rest of the position out at break-even or slight profit. If we fail to get the drop below price structure at all, this setup may become invalidated.
EUR/NZD SHORT POSITION H1Possible sell for EUR/NZD
- shoulder head shoulder
- EMA 150 Crossed
- Kumo breakout - Under the Kumo Ichimoku
TP: 1.662
Aussie Still Reigning? AUD/NZD Ichimoku Long Trade SetupThis pair has been on a beautiful bullish run and we are looking to get into it if our confirmations hold. So far this pair has been holding above tenken sen so I am looking for a slight drop to buy with a stop less set right below that tenken sen line. This one is tight enough that I am not specifically looking for a support candle, just a small drop to get long. As an alternative we can always place a buy entry above this current candle, just be aware that it would give us a slightly worse risk to reward ratio. If price fails to hold support or break higher, this setup may become invalidated.
Pound Getting Relief? - GBP/JPY Ichimoku Long Trade SetupThis pair had a breakout last week before being rejected at previous price structure resistance. I am now looking to see if we can hold support at tenken sen or kijun sen for a chance enter a buy. We are maintaining mostly bullish confirmations right now including a recently completed bullish kumo twist. In order to look for a clean buy I really need to a see a good support candle form. Ideally it would have a wick that drops to touch the kumo or kijun sen, signifying that support will indeed hold. If we fail to hold support or show a clean entry, this setup may become invalidated.
Kiwi to gain some ground? - NZD/USD Ichimoku Long Trade SetupThis pair has held support and moved up in the kumo where price is currently ranging. I am looking for a bullish breakout to enter a long position. I've drawn out a swing target as well as partial take profit levels we can aim for along the way. This trade is currently a bit short on the confirmations I want to see to enter a buy so I am looking for some more bullish confirmations first. For those confirmations I would like to see a bullish kumo twist, a clear bullish TK cross, and a strong bullish breakout at my trigger line. If I can get those then I will buy and monitor as the trade progresses. If we fail to get some of those confirmations, price fails to break higher, or we get rejected, this setup may become invalidated. Patience will be key here!
Aussie to reign over the Pound? - Ichimoku Short Trade SetupThis setup we will have to wait to develop a bit. I am looking for a slight rise to tenken sen where I will look for a confirmation of a sell. Two ways that could manifest itself is in the form of a good rejection candle with a long wick on top that closes below tenken sen, or for price to see a hard rejection there and start heading down. So we'll have to watch this one vs waiting for a trigger order like some of the other setups I walk through. If we see that good rejection I will enter a sell targeting previous price structure on the left side of the screen. I've also drawn out some partial profit levels where I'll look to trade profit and risk off the table should I enter a sell. If we fail to get a strong rejection at tenken sen, we may also look for that rejection at kijun sen. If those both fail, this setup may become invalidated.
Euro on steady ground? - Ichimoku EUR/JPY Long Trade SetupIf you were in the coaching call yesterday then this setup will look familiar to you. We rose steadily last week before finding some resistance here at the top of the kumo. I am looking for a springboard move off tenken sen and the kumo as a confirmation for a long entry. In the coaching call I mentioned a more conservative entry would be just above the wicks of where we've been getting rejected, so we do have multiple ways to approach this setup. I've set this one a little lower for a little better risk to reward and to be closer to our stop loss right below kijun sen. If we fail to break higher or hold support, this setup may become invalidated.
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Brexit GBP Concerns? - Ichimoku GBP/JPY Sell SetupThis setup is the same as last weeks, but I wanted to re-emphasize the setup. There were further confirmations last week as we waited for a triggered entry and we finally got it at the end of the week last week. As I mentioned previously this is a big play overall on the Brexit situation happening right now. As I hope you're aware during times of economic uncertainty the JPY is often seen as a safe haven and this safety sanctuary often seen a large migration of funds when other economies are in turbulence. While this order has been triggered it is only in profit by a few pips and I am looking for it to continue to advance downward. We have a decently large Take Profit level to aim for as well as some partial take profit levels along the way. This setup may time some time to progress so be ready to be patient if you end up take a trade with this pair as the Brexit situation plays out. If we fail to break support and break lower, or if our bearish confirmations change, this setup may become invalidated.
USD Safety concerns over? - Ichimoku USD/JPY buy setupThe USD has successfully fought it's way back from new structure lows back into the kumo and is now attempting to breakout. We are close to having some final confirmations for a bullish entry but I'm waiting for a few more signs to really seal the deal for me. We are getting close to a kumo twist as the current kumo has started to thin out here but are still a bit short of the actual twist. The other deterrence I've see is the failed attempts to hold a breakout and the distance from tenken and kijun sen. So, I've place an entry above the wicks where we've been stifled at previously last week. If we can break up and beyond those wicks we should have a platform for support that price can springboard off of. This may or may not coincide with another drop to and test of tenken sen before this happens, if it happens at all, so I'm watching for that. Ive drawn out my longer term Take Profit level I'm looking at as well as some horizontal lines I've drawn out. These lines represent support and resistance areas I am watching to take partial profit off the table to limit my risk exposure in the event that this setup does in fact trigger. If we fail to hold our bullish confirmations or get the breakout we're looking for at our entry trigger, this setup may become invalidated.
