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Ichimokuforex

Ichimoku short setup: AUDCADOn the daily TF, we see a bearish tenkan-kijun cross above the kumo. An inverted bullish hammer was observed on tenkan sen. Strangely though, the kijun sen is pointing upward. Price has already crossed both the tenkan and kijun sen from above since last week. Chikou span is attempting to break through the prices which indicates that price is currently consolidating. Once the chikou span is able break free from the reins of the past 26 periods, it should be able to hit a home-run. The future kumo is still bullish but thick.
Short
by Ichimoku_Hokage_Ninja
GBP/AUD - Ichimoku Trade Setup- Time to regain ground?This pair has held support but I am still watching for a break of resistance to enter a short term buy trade. I've drawn out my entry and TP lines on the chart. If you notice for the setup on this one, I'm actually placing my TP and SL slightly off of my lines to get things a little room to breathe since this is such a tight trade. As soon as we break into that zone and hold I'll be getting long and may even hold past this TP level with a partial position. I'll have to be careful with this one due to the Brexit madness that is going on right now so I will only be risking 1.5% of my capital on this setup to be pretty conservative. If we fail to break into that zone or hold bullish confirmations, this setup may become invalidated.
Long
by The808Trader
4
USD/CHF- Ichimoku Chance to get Long!We got a bullish kumo breakout and twist towards the end of last week with this pair. I am now watching for a tenken sen bounce trade entry for a chance to get long. I want to see a good drop to tenken sen and support hold to help confirm the bullish bias we're seeing right now. I set my TP at a previous resistance level if you look left of where price is at currently. If we fail to hold support or break higher, this setup may become invalidated.
Long
by The808Trader
1
EURAUD 60 MIn Cloud BreakoutMonthly and Daily Direction is bearish. I anticipate the market will reverse down into the cloud bounce up off the Senkou B (bottom of the cloud) then stall between the Senkou A (top of the cloud) and the resistance level at 1.58600 For the cloud breakout we will need the following; 1. A cloud penetration; 2. A TK cross 3. The Chikou below price 4. A Kumo twist ** You can take the Cloud channel trade (long at the Senkou B) and that is an advanced technique with low risk targeting the Snkou A I will update this post as the market unfolds
Short
by AGold54
2
AUD/JPY - Ichimoku Breakout Sell TradeWe got a big bearish move last week followed by a drawback and textbook tenken sen bounce trade. I am looking to hop on that trend with a move further to the downside. I've placed my entry below the candle of previous support and I've set my TP at an area of past support if you look left of current price. It may push on from there so I will only close partial position if we hit this TP, and let the rest roll, adjusting my stop loss periodically. If we fail to break lower or hold our bearish confirmations, this setup may become invalidated.
Short
by The808Trader
1
USD/CHF - Ichimoku Bearish SetupWe finally got a break below support in the channel we had been following for a while and now I am looking to take advantage of the bearish sentiment we're seeing. I'm going to use a move below our current candle as an entry with my TP at a previous major level of resistance to the left of current price. As an alternative I may wait for a rise and rejection at tenken sen for a better risk to reward ratio on my entry. If either of these two scenarios fail to play out, this setup may become invalided.
Short
by The808Trader
1
USD/CHF - Ichimoku Long Breakout Trade SetupWe found support twice but have been moving within a pretty narrow band as we've moved sideways. With the good economic data the US has been getting combined with the news that China and the US are putting their trade war on hold, I'm expecting a move up here. I'm looking for a kumo breakout to enter since we already have a bullish kumo twist and bullish TK cross. We may get a slight drop first but as soon as we get that breakout I'll get long. 
Long
by The808Trader
EUR/NZD - Ichimoku Daily Drawback SetupYou can see the play from last week to the left of this setup. It went really well for us and I announced in the members area where I was getting out of most of the position. We were able to snag 100 pips or so and I'm looking for an even bigger drawback based on the daily chart, looking here on the 4 hour for entry. I've drawn out the first major level of resistance on the daily, but we may be able to expand far past that depending on if we see a rejection there or not. We do have the bullish kumo twist and I'm looking for a bullish kumo breakout to help confirm an entry. Remember that this setup is a drawback based on the daily, being such is inherently higher risk. Since it is higher risk, I'll be taking 2% risk on this position should a good entry present it self. If we fail to breakout bullishly or form new higher highs and lows, this setup may become invalidated.
Long
by The808Trader
NZD/USD - Ichimoku Short Sell Rejection SetupThis pair started to consolidate last week before ending it's bullish run for at least the short term. Right now we have completed a kumo twist, chikou span is below price and Tenken sen and Kijun sen have flattened out here indicating the loss of momentum we've seen. I am look for a small rise to the kumo and tenken to get a good rejection candle for a sell entry. If we can get that rejection candle I'll entry and I've drawn out two targets based off the daily chart to aim for. If we fail to get a good rejection or break lower, then this setup may become invalidated.
Short
by The808Trader
Lesson: Predicting 14% Bitcoin Drop Using Ichimoku CloudIchimoku Cloud showed us to expect strong price action here. Lesson: set stop-losses below reversal areas and Fibonacci support. Notes: Tenkan-sen calculation: (highest high + lowest low)/2 for the last 9 periods. ^ it is time to change our way of thinking - minor support/resistance Kijun-sen calculation: (highest high + lowest low)/2 for the past 26 periods. ^ basis, guideline, yardstick - support/resistance & trailing stop - indicator of future price Senkou span A calculation: (Tenkan-sen + kijun-sen)/2 plotted 26 periods ahead. Senkou span B calculation: (highest high + lowest low)/2 calculated over the past 52 time periods and plotted 26 periods ahead. ^ start off before the others Kumo (cloud) is the space between senkou span A and B. The cloud edges identify current and potential future support and resistance points. - height represents volatility - strong support/resistance - Bullish when Senkou Span > Senkou Span B and vice versa when markets are bearish. - Look for Kumo Twists in future clouds, where Senkou Span A and B exchange positions, a signal of potential trend reversals.
Education
by zerocashcool
EURJPY Potential Cloud BreakoutPotential cloud Breakout The Monthly direction is down Pair is in the Sell zone on the Daily and is at major resistance levels Since this trade is several hours away from a set-up I can not provide specific order details That said there is 2 ways to enter this trade: First, on a 60 min close below the Daily Kejun Sen (blue line) Second would be a cloud breakout satisfying all the criteria; 1) a Cloud breakout 2) A TK cross 3) The Chikou is below price 4. A future Kumo twist ** Also the close of the breakout candle must close below the Daily Kejun Sen
Short
by AGold54