Ichimokuforex
Kiwi dominating the EU? Ichimoku EUR/NZD setupWe've been on a nice bearish breakout and we've broken previous price structure lows so I am expecting some more bearish movement with this pair. I am setting an entry as a break below our current candle, but as an alternative we can also look for a rise and rejection at tenken sen since we've been holding it so well on this bearish trend. I am targeting the flat kumo on the left side of the screen. We may even push further than that, but its a good intermediate target to aim for. If we fail to form a lower low or find resistance at tenken sen then this setup may become invalidated.
The Kiwi Ripe? Ichimoku NZD/USD Long Trade SetupWith the fundamentals at play last week we saw some big movements across most pairs including the kiwi here. Due to how quick it climbed I'm expecting a nice drop to test our previous support level which is where I'm anticipating tenken sen being as well. If we can get that drawback and support hold with a good candle, I'll look to enter there to climb back to our structure highs. As an alternative, if we consolidate and move a little sideways here I will trade a break out of this current resistance level I've noted with a blue horizontal line. If we rise above that and either close or look strong, I'll enter a long that way. If either of those scenarios fail to take place, I'll consider this setup invalidated.
Pound the Swiss? Ichimoku GBP/CHF trade setupAnother GBP/CHF trade setup on my list this weekend! We've continued our bullish run with this pair and I am looking for trade it up to our major resistance level where we were rejected previously several weeks ago. Since we are so close to that resistance level I'm wanting to enter on a drawback to help limit risk. I think a breakout trade here just wouldn't quite give me the risk to reward entry I would want for the risk exposure I'm looking for with this pair. So I would really like to see a drop to tenken sen for price to hold with a good candle which is when an entry would be confirmed for me and I would enter. If we fail to get the drawback or hold support upon a drawback, this setup may become invalidated.
Ichimoku long setup: EURUSDPrice is trading inside a mother bar. Future kumo is thick with 2 flat spans. Entry was made based on CD. Trade is monitored once every 4H based on ADX.
Ichimoku short setup: CADCHF On the H1 TF, all the Ichimoku signs are bearish. This is a kumo breakout trade with confirmation from secret indicator.
GBP/CHF - time for an early reversal?With this pair we've seen a big move down over all the fundamentals at play with EU and Brexit situations happening in Europe. We are still holding here at tenken sen so I am looking for a technical indication for a chance to get into this bearish trend. There are a couple ways I could approach an entry here but I am going to look to enter on a break below our previous candle low. I've laid out a longer term swing trade target in the image, but I will also take partial profit to reduce my risk if we break below the recent price structure low at .8768. I do see kijun sen flattening out a bit which is typically a sign momentum is slowing, but that my just be the case since we had a really big move with the news. Still, something to watch as a move back up kijun sen will invalidate this trade setup.
Ichimoku short setup: USDCADOn the daily TF, we have a bearish tenkan-kijun cross, chikou span is below price and a bearish kumo twist. Price is basing along the kumo edge and is a little far away from kijun. Give this pair some time and we should begin to see the start of a new bearish trend.
Ichimoku short setup: NZDCADThe daily TF is giving hints that a new bearish trend is about to kick in. A bearish kumo twist is to be expected within the next few days.
Ichimoku short setup: EURSGDOn the daily TF, all the Ichimoku signs are bearish. Price is basing at a 52 week low. Traders may place a sell limit order on this pair to get a better entry price.
Ichimoku long setup: AUDUSDPrice is basing under the kumo. There is bullish tenkan-kijun cross and the future is bright. Similar to AUDNZD pair, the main concern is that the price is a little too far from the kijun.
Ichimoku long setup: AUDNZDPrice is basing under the kumo. We have a bullish tenkan-kijun cross and a bright future. %R confirms the strong bullish momentum. The only concern is price is a little too far from the kijun.
Ichimoku long setup: NZDJPYOn the daily TF, price is basing off the kijun. We are witnessing the making of a roll-over. Tenkan is pointing upward while the kijun is flat. I am expecting price to reach the kumo bottom, at the very least.
Ichimoku short setup: EURGBPOn the daily TF, we just had our bearish tenkan-kijun cross. We have a very thick future kumo but span A is pointing downward, signaling a potential bearish kumo twist in the near future. The last daily candle was a bearish candle with a long upper wick. Strong bearish momentum is confirmed by the %R. Price is currently at a strong support, but my bias for this pair is still bearish.
Ichimoku short setup: GBPNZDPrice is moving along the kumo edge aka kumo bounce. I am expecting the price to make a minor correction before hitting a bull run.
Ichimoku long setup: AUDUSDPrice has been on an uptrend since last week and it is currently basing at the kumo bottom. Price has also closed above the weekly kijun. A new bullish run is expected.
Ichimoku short setup: CADCHFOn the daily TF, price is rejecting off the kijun with a bearish spinning top. All the Ichimoku signs are bearish with confirmation from %R. Price has pulled back to the previous support turned resistance. Entry was taken based on H4 FFB.
Lower High to form? EUR/CHF Ichimoku Trade SetupI know a lot of my recent setups have been on the swing trading side of things so for this one I'm going to look for a little shorter of a move. This pair has fallen down to kijun sen and is holding support there currently. I am looking for a move back up to grab some brief profit. It's worth noting that I am setting my TP at a level that I see us forming a lower high at. I do not believe at the moment that will will get any higher than the last price structure high. We may not reach as high as my final TP but I'll be adjusting my stop loss regularly every 25 pips or so if we enter and go into profit. If we fail to break higher or hold kijun sen support, this setup will become invalidated.
Yen finally Stabilizing? USD/JPY Ichimoku trade setupThis setup will probably be a little bit slower to complete if we do indeed get the move back up to the levels I want to see. We are still recovering after the flash cash so price is still trying to stabilize. It is still a little early to tell but it looks like we may have finally found some solid ground. We have the kumo breakout and bullish kumo twist, but I really want to see a bullish TK cross complete, which should line up with a break above resistance where we've been held previously. That's where I've set my potential entry, but like I said, I want to see the breakout coincide with the bullish TK cross to act as my final confirmation as a buy entry. I've also drawn out a few partial Take Profit levels in blue horizontal lines where I'll look to minimize my risk and take some money off the table, assuming we get the move up and confirmations. If we fail to hold support, get the TK cross, or breakout above my entry and resistance area, this setup may become invalidated.
