Ichimokuforex
20160422 - short in corrective wave, TP set to cloud bounceFirst time I'm attempting to read Elliot waves and us them in conjunction with Ichimoku.
Seems we are in a corrective wave after the 4/12 high point near 100% fib, with a sensible goal set to the flat-top bullish cloud, which also coincides with the 61.8% fib for the long-term range the EURUSD has held.
AUD/JPY BUY!Even though prices are below KUMO they have just broken a trend line suggesting bullish momentum.
Prices also hold pretty well above the KS (purple line) which is a strong support.
Prices could move to higher levels from here.
tp1: 84
tp2: 85.813
Stop loss should be placed on the KS at around 81.950
Good luck y'all
EUR/USD Bullish (monthly view) I am a bit surprised since lots of traders are bearish on the pair.
To me the weekly (check the related ideas below) suggests a bullish trend.
The monthly shows that prices are now on Tenkan Sen and are likely going to join the flat KS. It is gonna take time of course but it seems it's going this way and not down... Wait and see!
NZD/CAD ICHIMOKU Bearish setup Prices are below KUMO
Lagging span broke its own KUMO
Prices are below the trend lines
Resistance around 0.89700
I wouldn't trade if prices enter the red triangle (uncertainty)
Wait until the Lagging span crosses down the trend line before selling
1st target 0.86570
2nd target 0.86220
3rd target 0.85280
tight stop loss just above Tenkan Sen around 0.90300
Feel free to like/comment
Cheers
Jesse
USD/CHF Ready to explode!USD/CHF has been ranging the last few days. But now it seems that the pair is in a bullish momentum.
Indeed, prices broke their KUMO strongly as well as the extension of KS @1.00568. Lagging Span (LS) also broke its double resistance (Tenkan Sen + Kijun Sen). Its slope is pointing upwards.
Prices could retest last november's resistance. Stop is placed at 1.00568 (extension of daily KS).
Feel free to like and comment.
Happy trading everyone.
Jesse
EUR/USD Our setup seems to confirm !We've been bullish for some days now on the pair, check-out our previous analysis.
We think the pair should not close below the extension of H4 SSB @ 1.09311. Stop should be placed at this level.
The upside is seen on extensions of H4 SSB @ 1.09821, 1.10054, 1.10563.
Check out all our setups on www.ichimokuforex.com
Thanks to like and comment if you think this analysis is interesting!