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Ichimokuforex

EURUSD (Ichimoku Kinko Hyo analysis) Weekly: Kumo down Kijun down Tenkan down Chiko below candles Daily: Kumo down (Quite thin) Kijun down Tenkan down Chiko below candles Note: Price is in Kihon Suchi (Equalibrium - means buyers 50- Sellers 50) + Doji => watch market First scenario: If the price broke the Doji => Sell signal in LTF =>price can continue to go down till 25 July (next Kihon Suchi) Second scenario: -Prices retrace till 25 July and sell -If prices still go up till 5 August, sell bases on LTF on 5 August Conclusion: Long term trend: Sell bias since all Lines of Ichimoku in Weely TF all down Not recommend to buy based on Daily, Weekly but H4 possible However, in Weekly price quite close to Kihon suchi weekly and there are many economic events in the next 7 days => can affect heavily to the market => can change whole direction since 1USD = 1EUR now
Short
by UnknownUnicorn30166852
Possible long opportunity for the EURUSD (Ichimoku)The EUR/USD has been beat down of late but that is old news. I have been experimenting with the Ichimoku indicator and I have another trade setup developing this idea. With the Ichimoku strategy I am following, here are the criteria I am looking for: 1) Price closes above cloud 2) Conversion line (Tenkan-sen) above baseline (Kijun-sen) 3) Lagging span (Chikou span) above cloud 4) Green cloud 26 periods out I think a good entry would be 1.0275. If SL is set on the swing low on the 4hr chart that is 1.01166, the TP on a 1:2 risk/reward ratio would be 1.05485. That would be a generous bounce for the euro. I also think that setting a SL at 1.0190, and a TP with a 1:2 risk/reward ratio at 1.0387 would also get the job down. DISCLOSURE: I entered the trade in my demo account but looking for more confirmation t time of publishing before entering in my real money account. Thinking about a buy stop at 1.0275. WARNING: This idea does not constitute trading advice. Forex trading has the potential for great gains and also great losses. Check with your financial advisor before placing any trades to make sure that trade is right for you.
Long
by neelyfx
Long GBPJPY set up with IchimokuI have always been curious of how to use Ichimoku and yesterday I watched a video on the indicator and how to trade with it. It has always looked like a jumbled up mess. I did not break down the components and analyze them just took the strategy and I will test it in my demo account before applying to my live account. With Ichomoku, a long trade set up is indicated by three components: 1) Price close over the cloud 2) Conversion line (tangen-sen) crosses over the baseline (kijun-sen) 3) Lagging span (senkou span B) is above the cloud Set the stop loss at the nearest swing trade before the three above events take place and take profit at 2x stop loss. It is not my intention to educate on Ichimoku right now but to test a trade setup. If you want to see the video I watched, here is the link: www.youtube.com DISCLOSURE: I am not actively involved in this trade however I am considering it. WARNING: This trading idea does not constitute trading advice. The Forex markets present the ability to make money and you could lose everything. Consult your financial advisor before placing any trades.
Long
by neelyfx
2
CADJPY - Comprehensive Ichimoku AnalysisCADJPY is bullish across multiple timeframes. A comprehensive top-down Ichimoku analysis can help us confirm our bias and find the best time to enter. Weekly: On the weekly chart, it is bullish. We have strong Ichimoku signals such as Tenkan-sen above Kijun-sen, a bullish Kumo cloud, Chikou span above price, and lower highs forming in price action. If we use a Kyushu legs analysis, we can see that the market is continuously bullish. Kyushu legs analyses momentum over the past 9 weeks and can also help us analyse time cycles and trend length. Using Kyushu legs, we can see that the last major bullish trend lasted 33 weeks. This gives us two targets. Given that the current bull period has lasted 23 weeks, we could expect it to either continue for 3 more weeks (making a total of 26 weeks, a significant Ichimoku number), or for the full 33 weeks, which would take us all the way to September. Either way, these both show that there is potential momentum remaining in this bull run. Daily: From the daily point of view, it is also bullish. We have price above Tenkan and Kijun sen, Chikou above price, and a bullish Ichimoku cloud. One thing that gives me caution is that the Kumo cloud is both flat and thin. This means it is weak and may not be a strong support in the case of a retracement. If we leave my weekly targets in view, we can look at the daily and plan some scenarios: The main scenario is a continuous move bullish, with minor retracements until 5 September. However, we do have major resistance points ahead as outlined below. 4H and below: On the 4H chart we can easily see the potential resistance points at 105.843 and 107.211. These are pivot highs, and I would not buy going into these. It is very risky, but a successful breakout of these levels would be powerful. Other signals on the 4H chart are positive. Bullish Kumo, recent bullish TK crossover, and Chikou just coming above candles right now. The 1H chart is also clearly bullish. However, the Tenkan-sen, Kijun-sen and Kumo lines are all flat. This is significant. It means that the market is not making new highs. We can even see this based on the wick from the previous candle. I would only buy into a market is Tenkan-sen, Kijun-sen, and Kumo are angled up. Whenever you see flat lines, it means that a retracement back to Kijun-sen or the Kumo cloud is more likely. How to enter: The long-term view is bullish, so I am currently looking for a chance to enter on the 5m chart. I am currently waiting for a resistance breakout, at the same time as bullish stochastic, price above bollinger bands, and relative strength on the pair versus all other CAD pairs. All of these confluences can give me the confidence of taking a bullish long trade with a very large lot size and small stoploss. You can use any entry criteria you like, as long as Ichimoku remains bullish on either the 1D and 4H chart, or 4H and 1H chart. If Ichimoku is bullish, then it increases the probability of a breakout, and in turn, increases the success of your trades. Conclusion: - Bullish on the weekly chart, with at least 3-7 weeks of potential bullish momentum - Bullish on the daily, with upcoming resistance points at 105.843 and 107.211 - Bullish on intraday timeframes, with a recent TK cross on the 4H chart - Waiting for a clear edge on the 5m chart to make an entry. I will wait until relative strength is observed, combined with resistance break, bullish stochastics, and bullish bollinger bands. I cannot emphasize enough that you need to wait for a clear edge to appear on lower timeframes. This type of trading is essentially breakout trading, and the majority of breakouts fail. Ichimoku helps us see when breakouts are more likely to occur, but Ichimoku by itself won't give you the exact trading signal to buy or sell. The entry might happen in a few minutes, later today, or not at all. We could see a bounce off resistance or a clear breakout. The beauty of Ichimoku is that it can help you plan your scenarios and easily see opportunities like this. Despite the long writeup, I was able to see everything above in less than 5 minutes of scanning. Keep an eye on multiple timeframes, use Ichimoku to gauge the trend strength, and use lower timeframes to find the edge to enter. Good luck!
Long
by ichimokucorner
Ichimoko Cloud Breakout StrategyWe Must Pullback to Komu After Breaking Span B you can trade It. you must wait for signal from lowwer timeframes and if you find any reason for reverse you can trade it to span B and After That if you find Any Reason to back to trend you can enter in direction of trend and so on. but you must pay attention to pullbacks no early enter before you get expert in this method lower timeframes confirmation needed. its suitable to 15 timeframe and up. :D 100 % If practice is not forgotten Any Chart you Want you can use
TVC:GOLD
by Seyed_MEJZ
2
AUDCHF - New Downtrend?AUDCHF has recently broken the descending channel established in March. Additionally, AUD is currently the weakest base currency on my scanner, with 1H, 4H, and 1D weakness. Meanwhile, CHF is trending upwards, with 1H, 4H, and 1D strength. Combined, we have AUDCHF breaking support, AUD becoming weaker, and some healthy Ichimoku signals: On the 4H chart: - Bearish Kumo, angled down - Kijun Sen angled down - Tenkan Sen angled down - Chiko below candles - Recent break of support - Price below Tenkan sen These are all bearish signals. I will look for short trade opportunities on the 5m and 15m chart. Remember, a HTF downtrend doesn't guarantee a good short trade. Wait for a good opportunity to present itself on lower timeframes to increase the chance of success.
Short
by ichimokucorner
1
AUDUSD Retracing to Kijun-sen on 4H chart — What to do next#AUDUSD is retracing back towards the Kijun-sen on the 4H chart. The Kijun-sen on 4H is also aligned with the Kumo on the 1H chart. Price could rebound off 0.69595. If it breaks through and closes below this price, the downtrend could continue. #ichimoku #forex #trading 1H chart for comparison: Ideas: If price closes below 0.69595 then look for a short opportunity using the 1H and 30m charts If price rebounds off 0.69595 or reverses shortly, then stay away until a clear trend emerges on higher timeframes (e.g. 4H)
by ichimokucorner
GBPUSD - Short | Follow Ichimoku on 1H and lower GBPUSD has broken below the support established on 13 May. The 4H chart is bearish, but has a thin Kumo which can imply overextension. We need to use lower timeframes to confirm and follow the trend: On the 1H chart we have a nice thick Kumo angled down, Tenkan and Kijun-sen are angled down, and Chikou below the candles. You can also see the support breakout. The market momentum and equilibrium is heading lower. We can also see the currency strength scanner in the corner showing GBP is one of the weakest currencies, while USD is the strongest. Multiple confluences to trade bearish. I will follow on the 1H and 15m/5m charts to look for entry edges to go short. AUDUSD is also following similar price action and is worth monitoring.
Short
by ichimokucorner
AUDUSD - BearishEvery day I run a Rate of Change scan across three timeframes for each of the major currencies. As we head into the new week, the scan is showing that USD is the strongest currency, while AUD is the second weakest (behind JPY and tied with NZD). This is enough for me to take interest in AUDUSD as a possible bearish trade (and USDJPY as a bullish trade). Now that the scan has us interested, when we open up the 1H chart we can see a beautiful downtrend on Ichimoku. The Kumo is thick and angled down, Tenkan-sen and Kijun-sen are angled down, Chikou is below the candles, and price is consolidating near a point of horizontal support. All of this combined tells us that the market equilibrium is heading down with bearish momentum. IF price breaks below the horizontal support, I will look for a short opportunity. If it rebounds, I will stay away until it comes back. It's that simple!
Short
by ichimokucorner
More downside for the NASDAQWhats happening traders. So as some of you know i use the ichimoku cloud trading strategy, and 3 of the alerts and signals have just triggered. Signals being the red cloud, base line and conversion line crossover and the lagging span has breached to the underside of the cloud. If we dont get a bullish rally this week and the lagging span remains under the cloud for the week then we could see price dropping down towards 1100 and 10300 which in my opinion seem to be the next resistance areas. Keep in mind we have had 7 weeks of red so we could potentially see and upwards rally. Keep an eye on this. cheers.
OANDA:NAS100USDShort
by Shealy
How to use relative strength/weakness in Forex — GBPUSD exampleIchimoku makes identifying trends very easy, but it can be difficult to know when to enter a trend. This factor is often overlooked by newer traders, and it makes a significant difference to risk-adjusted returns. One of my favourite ways to identify when to enter a trend is to use the concept of relative strength or weakness. Put simply, relative strength or weakness is when you compare a security to an "index" and try to understand whether: The index is moving up, and your chosen security is moving up even faster = Relative Strength The index is moving down or ranging, and your chosen security is holding ground or moving slightly higher = Relative Strength The index is moving down, and your chosen security is moving down even faster = Relative Weakness The index is moving up or ranging, and your chosen security is holding ground or moving slightly lower = Relative Weakness This concept is incredibly important to understand. It can turn a B+ setup into an A+ setup. The question is then, how do you find relative strength? The really easy, beginner-friendly, way is to plot the "Rate of Change" (ROC). This is an included indicator in TradingView and simply tells you how quickly something is moving up or down. What you can do with ROC is to plot it against the symbol you're trading, and then plot it again against an index. An example of an index could be $DXY for the USD. This index would work for pairs like USDJPY, USDEUR, USDGBP, etc. Any pair where USD is the base. I found a perfect example of relative weakness on GBPUSD. I plotted the ROC for GBPUSD (green) and the ROC for all GBP pairs (red). Ichimoku already told me that GBPUSD was bearish and I was looking for an opportunity to go short. Notice, that when GBPUSD becomes weaker than all GBP pairs, there is almost no bullish pressure. If you short when there is relative weakness, your trade would have almost zero drawdown, and you would be in profit almost instantly. Yes, you could short anywhere on this chart and make money if you didn't have a stoploss, but this is not how to trade like a professional. If you tried to short this morning when there was no relative weakness, you would have to suffer through +37 pips of drawdown before it started moving down again. Could you take that? Could your risk manager take that if you were trading someone else's money? I encourage all traders to explore Relative Strength/Weakness. It is one of the most powerful concepts in trading, and as long as you have your "index" right, you can use this anywhere. Stocks, Forex, Crypto, Commoddities, etc.
Education
by ichimokucorner
4
BTC downfall Morning folks, as you can the ichimoku cloud is indicating BTC is in for a drop in price. Ive highlighted 3 key alerts for a sell signal for the ichimoku strategy. I have been watching this for a while and the main signal i was waiting for was the lagging span to cross below the cloud. If we finish of this day with the lagging span below the cloud and price closing below 39k then we could see a sell off to 35k perhaps even further during the month of may. As always let me know what you guys think and what your analysis is. cheers.
by Shealy
AUDUSD Intraday LongI have taken an intraday long position on AUDUSD using the 1H and 15m charts for confluence. Each chart shows: 1. Thick Kumo Angled up 2. Tenkan-Sen+Kijun-Sen angled up 3. Chikou above candles We are also in the first leg of a Kumo breakout according to the 1H chart. I entered on the labelled resistance breakout. Ichimoku is somewhat bearish on the 4H chart, which is why I am managing this trade aggressively. I will keep my SL tight to manage risk.
Long
by ichimokucorner