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Ichimokuforex

USD/CHF - Ichimoku Short Trade IdeaThis pair broke down further last week before the USD gained a little bit of ground at the end of the week, but now is the time to start looking for rejections. In this setup I am looking for a good rejection here at tenken sen for a chance to get short. CHF has been putting out some strong data and it's been pretty strong for a few weeks now. As soon as I see a good rejection or drop I will be entering a sell per this setup. If we don't drop or get a rejection there is another chance to look for a sell at a kijun sen rejection. If those scenarios don't play out, or if our bearish signs change, these setups may become invalidated.
Short
by The808Trader
EUR/USD - Ichimoku Long Trade IdeaLast week we saw our bullish breakout run continue onward and upward with the Euro. The USD clawed back some of that price before the market close, but as long as we are holding in this bullish formation I'll be looking to get long. I am watching for a drop to the flat kijun sen here for a possible entry to get long. I want to see a strong rejection candle there for me to consider a buy. If we break below kijun sen or our bullish signs change, this setup may become invalidated.
Long
by The808Trader
GBP/AUD - Ichimoku Buy SetupWe've been moving pretty sideways here as price has been consolidating. We've held support despite a bearish TK cross so I am looking for a breakout of these current strings of candles to look for a buy entry. I've made my target previous structure highs, but I may hold partial position longer as long as we get the breakout I'm looking for. If we get this bullish TK I am waiting on we could see a big move to the upside. If we fail to get the bullish TK cross or to break higher, this setup may become invalidated.
Long
by The808Trader
EUR/CHF - Ichimoku Short Breakout Trade SetupFor this setup I am looking for a sustained move down to consider a sell entry. I'm looking tThis pair went sideways last week before finally breaking kijun support and is now testing the bottom of the kumo. I will be looking for a sell if we can break down below the cloud which would also line up about the time chikou span could break below price. I would like to see the current kumo twist to bearish as a final confirmation but that may not happen within the time frame of the entry, since we are already so close to the bottom of the cloud. If we fail to break below the cloud or move sideways, this setup may become invalidated.
Short
by The808Trader
GBP/USD - Ichimoku Kijun Bounce SetupWith the Brexit news last week we saw a resilient GBP rise to new recent highs. I am looking to see if we can snag a buy at kijun support. We've tested kijun once since our initial breakout on the chart last week, so I'll be watching to see if we do the same here. If we can hold support at kijun with a strong rejection, then I'll look for a buy every as shown in this setup. I'm targeting previous structure high as my TP, but I may hold partial position longer as long as we continue to make higher highs and higher lows. If we fail to hold support at kijun or our bullish sings change, this setup may become invalidated, so it will take some patience to look for a good entry.
Long
by The808Trader
GBP/JPY - Ichimoku Buy Trade SetupThis is the same setup I was watching last week, but it never fully developed. I'm looking for the same breakout up above the flat kumo cloud. This move up, if it happens, will end up being confirmed by a bullish TK cross as well. If we can get the cross along with the breakout, I will be entering a buy at the entry I have set. If we fail to get the breakout through the flat kumo, or we fail to get the TK cross, this setup may become invalidated or require us to wait a little bit longer.
Long
by The808Trader
USD/CHF - Ichimoku Bearish Trade SetupWe've been on a big move down over the past couple weeks. Ideally we can look to enter a sell on the next push down. I've set an entry for a sell below our current candle. If we can break below it and hold this would be a good confirmation for our bearish trend continuation. I've set my target at previous price support to the left side of the chart. If we fail to break lower or our signs change to bullish, our setup may become invalidated.
Short
by The808Trader
EUR/USD - Ichimoku Short Trade IdeaThis pair broke below the cloud last week and is starting to show some strong bearish signs. I've drawn the level I want to see broken in order to enter a short position. If price moves that low we should get a bearish TK cross that will help confirm a bearish move. If we fail to break the entry line I drew, or fail to complete a bearish TK cross, this setup may become invalidated. I will also be watching the bearish kumo to make sure we don't twist back to bullish.
Short
by The808Trader
AUD/USD - Ichimoku Short Trade IdeaThis one is pretty straight forward as far as trend trades go. We are in a bearish trend overall, but in the middle of a drawback. I am looking for a rise up to kijun sen for signs of a rejection so I can enter a sell to stick with my bearish bias. This setup will be about patience to wait for the rejection. If we fail to get a rejection at kijun sen, that could imply that we are actually in the midst of a reversal, so it will be important to see how price interacts there. Ideally we'll see a long wick through kijun sen and a close below it to signal a good time to enter that sell. I am targeting previous structure lows that acted as support for this move up as my TP
Short
by The808Trader
GBP/CHF - Ichimokuk Short Trade IdeaThis pair has been on a beautiful bearish run for a while now and I'm looking to capitalize on that trend. We have been respecting tenken sen very nicely so I am looking for a drawback and rejection there to enter a sell. If we can get a good drawback to the entry line I've drawn I'll look to get short. I've drawn out two possible targets based on previous structure lows that I've drawn out with horizontal lines. I am taking this trade from the daily chart so it may take a while to develop and unfold. If our bearish signs change or we fail to make lower lows, this setup may become invalidated.
Short
by The808Trader
GBP/USD - Ichimoku Short IdeaThis pair saw a bullish rise last week before finally falling back into the cloud. We are now showing some bearish signs with the bearish TK cross we've had. The kumo cloud is thinning now and is setting up to complete a kumo twist. I am watching for the twist to complete and a bearish kumo breakout to act as confirmations to enter a sell posistion. I've placed my entry where I believe the most likely area we could get that bearish kumo breakout is. I have to previous structure lows I'll be targeting as my TP's as drawn out with the blue horizontal lines on the chart. If we fail to get the breakout or our bearish signs change, this setup may become invalidated.
Short
by The808Trader
USD/JPY - Ichimoku Long Trade SetupLooking at the larger time frame for this one, we are in the cloud and should some moderate bearish signs. That being said we have this bullish breakout and the 4 hour and I'm looking for support to hold for a chance to get long. It's unclear to me yet that if we do get the bullish move up whether it would be holding here at tenekn sen (I have doubts on this since we have a flat kijun sen) or it would mean a drop down to the cloud area for a bounce back up (If it holds at all). So, I'm allowing for both variations to take place if I'm going to look for that bullish entry. If we hold here at tenken sen I'll look for a breakout of the lien I drew above previous structure highs. If we fall down, then I'll look for an entry of a rejection or subsequent breakout back out of the cloud. If neither scenarios play out, this this setup will be considered invalidated.
Long
by The808Trader
GBP/JPY - Ichimoku Long Reversal SetupThis pair has broken out on the 4 hour here but is still bearish on the daily time frame. The way this is moving right now I am considering that we may have an early reversal possibility here. I would like price to fall one last time and hold support to consider entering a long which is why I've drawn my entry down at the cloud. If it is a reversal then we may actually see GBP reclaim a lot of ground and it would be a good potential swing trade. IF this turns out to be the case I've drawn out a few take profit levels with my long term swing target at the top.  If we fall and hold hold support, then my bias will shift back to the bearish trend on the dai
Long
by The808Trader
EUR/CHF Icimoku Short Sell IdeaWe've been watching this pair for a while and I commented that the 4 hour breakout hadn't convinced me we were in a true breakout yet, and that more than likely it was actually a fake breakout. This has turned out to be the case so far. Since we are still holding bearish sentiment on the daily I am looking for a slight rise to test kijun sen, Once/If we see a rejection there I will look for a longer term sell. Looking at hte current price structure it would make sense to target our previous structure low, but I would take some partial profit on the way down in the case that we don't make it all the way back down.
Short
by The808Trader
GBP/CHF - Ichimoku trade ideaFor this pair i'm looking to get in and out of a small run, with the option to expand my take profit levels if this pair pushes higher and holds. Until a move like that happens and is proven, I'll look to get in and out of the market. I'm looking to enter on a breakout of the 1.2698 level. I'm keeping my stop loss pretty short if I enter so keep a good risk to reward and also because if we don't get a push up after the entry I'm waiting for, I'll want to exit pretty quick. If our bullish signs change or we fail to break higher, this setup may become invalidated.
Long
by The808Trader
EUR/USD - Ichimoku trade ideaWe're back down to the 1 hour time frame here for this setup. I called out the move up with the bullish tk cross and chikou span bullish movement on the 4 hour chart for those of you in the membership trade room. I'm looking for a drop and support to hold before entering at the 1.1413 level. My longer term target is 1.1532 but I've drawn out a first take profit level I'll be aiming for as well. If our bullish signs change or we fail to break higher, this setup may become invalidated.
Long
by The808Trader
Hi Ho Silver! XAG/USD - Ichimoku Long Trade IdeaIf you're part of my private membership you know that silver has been on my watch list for awhile now. Silver as really flattened out here as we've been stuck in this consolidation zone for a while now. I am expecting a push higher sometime over the next week or so. I'm looking for a kumo breakout with a kumo twist and chikou span to get above price to help confirm we may actually be at a reversal level. I'm unsure how long this consolidation zone may continue, but I really want to see a breakout to help confirm this could finally be on the move upwards. If we fail to make the breakout, or we continue this consolidation, this setup may become invalidated.
FOREXCOM:XAGUSDLong
by The808Trader
Canada Eh! USD/CAD - Ichimoku Long Trade IdeaWe had a big push upwards and I am looking to hop in this trend. In order to get a good entry I am hoping for a drop at the beginning week back down to support so I can look for the entry I have on the chart. The support level may stall out even a little above that but I will be looking for it none the less. If we stall out and I get a good entry I've drawn out a few potential Take Profit levels to go after as well. If we fail to get a good drawback or if price fails to hold support, this setup may become invalidated.
Long
by The808Trader
Swiss Miss - USD/CHF - Ichimoku Long trade IdeaGood Swiss news played a major part in stalling out the USD rise with this pair and I am expecting that to come to an end, barring bad USD news. So, I am looking for a chance to get long and head back up to the previous structure highs you can see on the left side of the chart. Once we can break and close above the .9962 level to enter  a long position. I've drawn out several Take Profit point I'll be looking at where we may see rejection as well. Longer term I would like to see a rise back to the price structure around 1.0023  If price fails to break higher or our bullish signs change, this setup may become invalidated.
Long
by The808Trader
Way of the Samurai - Eur/JPY - Ichimoku Short Trade IdeaAnother bearish setups, it can't be ! It is indeed! With the market widely expecting the BoJ to adjust monetary policy last week, they abstained and shocked the market a bit. We got a nice rejection at the cloud and price has been heading down since. I've drawn out a few possible Take Profit levels on our way down. This is another setup that will be more of a swing trade, and I'll look to hold it for awhile to see if we approach my long term take profit level which is a previous structure low. If any of our bearish signs change or we fail to break lower, this setup may become invalidated.
Short
by The808Trader
Kangaroo Punch? EUR/AUD - Ichimoku Short Trade IdeaAussie looks to be strengthening and at the same time if you've read much of my analysis, I believe the next year or so we'll see a predominantly weaker Euro. We had a big breakout last week and I am looking to enter a longer term swing trade on the next push down. I've drawn out several take profit levels to aim for. This trade may take a few weeks to play out. As a more conservative entry we may also wait for a drawback to tenekn sen and see a rejection to enter, but either way I am expecting  price to head down for a while. If we fail to break lower, or our bearish confirmations change to bullish, this setup may become invalidated.
Short
by The808Trader