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Ichimokuforex

Oil Bulish run to continue? - Ichimoku Long Trade SetupOil has continued it's bullish run up in price despite the fundamentals being very challenging. I am watching for a drawback to previous price structure, where I'll be looking for a good support candle to form to get long and try to take advantage of this bullish run. We will need to keep an eye on the news though as oil is highly speculative. Any news on a new deal between China and Iran or Russia could send massive shock waves through price. If price fails to get a drop I want for a good entry, or if it fails to hold support, this setup may become invalidated.
FX:USOILLong
by The808Trader
Yen over the Euro? - Ichimoku EUR/JPY sell setupFor this setup I'm zooming in on the 1 hour time frame. This is a little pre-emptive of a failed support move on the 4 hour. I've placed our entry a few pips below kijun sen on the 4 hour which lines up with an entry below the kumo here. Remember that all ichimoku components tie together, so it is no coincidence that this setup takes place where it is, lining up with that break of support on the higher time frame. I've drawn out several partial take profit levels to aimf or on the way to my longer term TP. As long as bearish signs hold I'll look to let some of my position run to that long term target. If we fail to break support or if any of our confirmations change this setup may become invalidated.
Short
by The808Trader
JPY ready to fight EUR back? - Ichimoku EUR/JPY sell setupWhile this pair has been moving sideways we ended the week with a bearish kumo and a bearish TK cross. I am looking for a move back down and out of the kumo to look to take a sell here. My longer term take profit level will only be valid if we can break the price structure I've drawn out in horizontal lines on the charts. I'll also be take partial profit at those levels to decrease my risk as this setup develops. If we fail to break that price structure support or end up going back up into cloud, this setup may become invalidated.
Short
by The808Trader
CHF ready to gain some ground? - Ichimoku USD/CHF Sell SetupFor this setup we're going to zoom into the 1 hour chart. We've had 4 price structure rejections before falling down below the kumo. We are still holding a price structure floor here, but I've set an entry below that level, so that if we break it, I can get into this sell. I've also drawn out some partial take profit level to aim for on the way down to my longer term take profit. I am setting my stop loss right above the last several candles at our current price level. This setup may become invalidated if we fail to break price structure lows or maintain our bearish confirmations.
Short
by The808Trader
Aussie Ready for a Run? - Ichimoku AUD/CAD Long SetupThis pair is going to have to develop still but if we get the final confirmations it could still be worth the wait. What are those confirmations? Well there's a few I want to see. I want to see the kumo twist to start with, which looks like we should get here as price has been holding higher and the kumo cloud is starting to thin out. We are in a bullish TK formation currently and chikou span is above price and free, so the only other major confirmation I wan tot see is a kumo breakout. I've place my entry at the the flat kumo which is the level I wan to see broken to enter a long position. Now, if we look left of price we see that there has been a range of price we have been stuck in, so I want to be careful with how far out I am setting my longer term take profit. So, I've set several partial take profit levels along the way to my longer term Take Profit you'll see drawn out as horizontal blue lines. As long as my trade get's triggered I'll look to remove some profit off the table at those levels and continue to let the rest run.
Long
by The808Trader
USD/MXNCould we see price continue up on as detected on daily or could price reverse and make its way down. We are at a good level right now, i have a kumo breakout and a reliable chikou span confirmation that this will go up on the daily. We are on the hourly right now and we can see price at a 0.236 retracement level so price could bounce up on continue down (watch for retest on the inside if this is the case). Furthermore on the daily we can see a buy at a good level as it is off the support trend line (up trend)
by sammaxking123
Pound to regain ground against the Aussie? Ichimoku Long Trade This pair got a nice move back up last week before ending up testing tenken sen and the kumo here. We do have an early kumo twist to a bullish cloud and we are currently hold at the top of the kumo which is coinciding with tenken sen support as well which is typically a very strong support level. Both kijun sen and tenken sen have flattened out a bit here indicating we have lost a bit of momentum, probably in anticipation of upcoming news. I am looking for a long entry above our previous candle but as an alternative we can also look for a drop back down to tenken sen and a good support candle to hold there for another entry style. I've drawn some horizontal lines at partial take profit levels and I've drawn out the longer term TP at previous structure highs. If we fail to break higher or hold support, this setup may become invalidated.
Long
by The808Trader
The Silver Bullet? XAG/USD (Silver) Ichimoku long tradeLast week in the membership we were looking for a good size drawback but this sentiment was invalidated when support held on the daily chart. We are now looking to get into a trend continuation if we can catch a nice bullish breakout of the kumo. In addition to the breakout I also want to see that kumo twist complete and a golden (TK) cross to complete for the last bit of confirmation. When I'm looking at a potential target here I'm arbitrarily setting my TP at the recent price structure high, but if we can get to that level I will leave at least a quarter of a my position running in profit and just adjust my stop as it moves. If we fail to get our confirmations and bullish kumo breakout, this setup may become invalidated.
FX:XAGUSDLong
by The808Trader
Swiss Safety Net? EUR/CHF Ichimoku sell setupWe saw the Swiss Franc make up some strong ground last week and I am looking for that trend to continue this week. We are pretty far from tenken sen so we may end up getting a drawback to test resistance before trying to make a move further down. I am placing my entry below previous price structure support to the left of current price. If we break that level I'll be looking to hop in that sell targeting the next major price structure support you can see based on where my TP is set. As an alternative we can also look for a sell off a Tenekn sen rejection (This is the bounce trade I teach) which would give us a better risk to reward as well. If we fail to break lower or hold resistance at tenken sen, this setup may become invalidated.
Short
by The808Trader
Yen ready for a comeback? - Ichimoku GBP/JPY Short SetupLast week fundamentals started to come a little more into play as we saw the Yen try to regain some ground here. We've started to move sideways and I am looking for a break of price structure to coincide with a bearish kumo twist and kumo breakout to look at enter a short position. The trade is setup for my medium term target, but I've also drawn some shorter term levels where I'll be taking partial profit should this setup play out. If we fail to break lower and get that bearish breakout and kumo twist we're looking for, this setup may become invalidated.
Short
by The808Trader