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Ichimokuforex

The Running of the Bulls - EUR/USD - Ichimoku Long Buy SetupWith all the news last week the EUR got a nice push up and out of the cloud. We are now hovering just above the flat kumo. We are yet to complete the kumo twist and chikou span is still sitting below price. This leads me to believe we may drop and test the flat kumo before trying to push up and out, or even drop and consolidate a little bit here. With the trade wars and tariffs being thrown around, it is likely it will mean loss of strength of the USD in the long run, especially if Trump's plan to get the FED to stop raising interest rates succeeds. Once we get that dip down, I'll be looking either for a rejection at the flat kumo, or waiting for a new bullish breakout to get long. I've drawn out a few possible TP's with blue horizontal lines. I typically like to close partial positions at those levels, then if our trend is holding bullish signs, I can add some more small positions for the swing. If our bullish confirmations change or we fail to hold at the level I am watching, this setup may become invalidated.
Long
by The808Trader
Dollars and Watches - USD/CHF - Ichimoku Short Sell IdeaWith the chaos from last week we saw this pair sink below a flat kumo and complete the early stages of a kumo twist. I am biased towards a sell but for this setup I want to see a breakout of the level I am watching. An alternative entry would be a drawback to the flat kumo and rejection to enter a sell. Depending on how the market moves after open will determine which entry I look for. I've drawn out a few potential Take Profit levels I'll be targeting should I enter the sell, with the long term swing target being the previous structure low from a couple weeks ago. The overall movement required for this set up with be determinate upon how the FED reacts to comments that Trump wants to keep a weaker USD to bolster spending and continue to increase the economy. If our bearish confirmations change or we fail to break the level I am watching, this setup may become invalidated.
Short
by The808Trader
The British Samurai - GBP/JPY - Ichimoku Selling IdeaWe had some big pushes down last week leading to a nice kumo breakout. For this run we've been respecting tenken sen really well. There's two ways this sell could form. The first is to look for a break of the support line I drew. If we head right down and keep respecting tenken sen, it would be an ideal time to sell and I've drawn out Take Profit levels and well as a possible long term swing target. If we fail to hold tenken sen, we may rise to kijun sen. If that happens I'll look for a rejection at kijun sen to sell. If we rise and break kijun sen then this setup will become invalidated. Either way I'll be looking for a sell first and foremost until proven otherwise.
Short
by The808Trader
Aussie Aussie Aussie - Ichimoku AUD/USD Long setupThis pair has been on a nice bullish run, forming higher highs and higher lows. We've just seen a TK cross on the daily time frame as well that I'm looking to take advantage of. I want to see a rise above the first blue line I drew for an entry, and I've drawn out two other blue lines for potential take profit levels. If we fail to break the previous high, or our bullish confirmations change, this setups may become invalidated.
Long
by The808Trader
USD/JPY low tide to rising profit - Ichimoku Long SetupThe USD has been on a bit of a rampage lately despite all the trade war concerns, Towards the end of last week we finally saw a slight drop with this pair. We've fallen below tenken sen here so I'm watching for price to drop to kijun and support to be held there. If price holds there, I will look for an entry back to our previous highs. If price fails to drop to kijun, breaks kijun, or our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
EUR/CHF still rolling - Ichimoku long setupThis is a continuation from our last EUR/CHF setup, I am now looking to add some entries for a bullish breakout. It's still a little early since we don't have the kumo twist yet, so it's not too late to start looking for entries. I'm going to be expecting a drop to the flat kumo early this week so it can hold support. If price holds there I will look to get long, with TP's at the two blue lines I drew on the chart. If the kumo twist fails to happen or our bullish signs change, this setup may become invalidated.
Long
by The808Trader
The Final Countdown - Ichimoku EUR/CHF Trade IdeaWe're at an important level here where we've already been rejected twice in the past couple weeks. If we can finally breakout above the 1.1650 level then we could be headed up long term. I am looking for a tenken sen bounce to try and get in a bullish trend continuation. All signs remain bullish for now but I'll continue to watch our confirmations in case we get rejected at this important level a third time. If we fail to break above the 1.1650 level, or our bullish confirmations change to bearish, this trade setups may become invalidated.
Long
by The808Trader
A Golden Idea - Ichimoku XAU/USD Trade IdeaGold has been on the watchlist ever since it's bullish TK cross and rise up from support. We are in the middle of a kumo twist, and signs are looking pretty bullish. I am looking for a kumo breakout to enter a long posistiion. I am targeting one of the large flat areas on the previous kumo as my TP, so this trade may take awhile.  With the bottom of the kumo reasonably close and lining up just below kijun, it gives us a nice tight stop loss we can take advantage of. If we fail to break out of the kumo or our bullish confirmations change to bearish, this setup may become invalidated.
TVC:GOLDLong
by The808Trader
Don't Swiss out on this one - Ichimoku USD/CHF Trade IdeaPrice has made two moves to the upside now and has been rejected. With the current movement I am expecting price to try and continue to push lower. If we get the drop we're looking for, it will also be confirmed with a bearish kumo twist that has been trying to complete for the past few trading days. As soon as we break below our previous low, I'll be looking to enter a sell, with a long term target of our previous low. If we fail to break our recent low, or our bearish signs change to bullish, this setup may become invalidated.
Short
by The808Trader
EUR going to profit with this one - Ichimoku EUR/USD SetupPrice fell and and found support in the cloud, it's now looking to get a kumo breakout along with a TK cross. I'll be looking to enter a long on a confirmed move up and I've marked out several areas we can take profit at. We may get more opportunities to add to the position if those blue lines I drew also end up acting as support. If we fail to breakout and hold above the cloud, or our bullish confirmations change, this setups may become invalidated.
Long
by The808Trader
USDJPY - Butterfly FormingWatching price as we approach 112-113 range. With the yen looking weak despite a poor performing dollar today we are likely to continue up past 110.75 and 111.4. I am currently long with target of 112 after the cloud/Weekly open held as support. OBV resistance has been holding and trendline is approaching it we will see which one can hold. If OBV resistance breaks I will not be looking to short. I don't typically use EW impulse/correction typically but I think it looks pretty good and matches my harmonic TA
by actavis89
EUR gonna want to see this! Ichimoku EUR/USD Trade Idea!While this pair is bearish on the daily, a bullish breakout here could confirm we are in for a drawback on the daily chart. I've drawn out a few TP levels to be targeted. I am waiting to enter until we get a bullish kumo breakout and the kumo twist completes to a bullish cloud. Chikou span is just starting to break through price so I'd like to see it rise a little and get clear of it as well. If we fail to break through the cloud, we go back to a bearish TK cross, or the kumo twist does not complete, it may invalidate this setup.
Long
by The808Trader
Swiss Miss? Ichimoku USD/CHF Trade IdeaThis is a continuing entry from the setup a couple weeks ago. We had been tracking a sell on this pair from the daily for a while and I am still looking to add to my sell as price keeps falling. I am looking for either an entry at a kijun rejection or a break of the blue line I drew for a secondary entry point. I am still targeting the same TP level from our original entry that is now up around 90 pips. If we start getting bullish confirmations, it may signal its time to get out of our sell position.
Short
by The808Trader