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Ichimokuforex

NZDCAD breaking the Ichimoku CloudNZDCAD has been in an uptrend since the first week of November. In the past few days, the price attempted several times to break the Ichimoku cloud, but we always had a very good reaction by buyers, pushing the price back towards new highs. This time, action by sellers seems to be very strong and there are also all the conditions with the Ichimoku trading strategy to consider a short position: Risk to reward is 1:2, but for this trade we can also aim for a bit more. Good luck!
Short
by FedericoSellitti
AUDJPY ICHIMOKU SAYS OF SELLINGGreeting Traders. We have shown two lines here, one is red and blue which is red one is Kijun Sen and one is a blue line is called Tekken Sen. when the blue line crosses the downside of the red line, the movement of the market will be down Right now I think the movement of the market will be down. Thank you. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
by The_crackerjack
2
SHORT ENTRY 1.17580 TARGET 1.16340We got the pull back from last time short her's another decent entry for shorting again. Again use decent money management. enter using bollinger bands at 5 mins for exemple the upper bands should serve as short entry zone to minimise loss. you can 0.1 and keep adding until one you have a full one lot entry and be confident when the momentum has fully shifted. Otherwise you may find yourself entering and jumping out numerous times which will slowly eat your account use 0.1 first wait to see what happens and add later and so on. Good luck trading
Short
by Rey2010
SHORT ENTRY 1.17430 TARGET 1.16722It looks like bulls are ready to buy lower again. my entry is invalid if we cross 1.17650 (which was yesterdays long target) so how do we play this? in order to ensure the most gains possible you have to keep a watch at the 1 hour cloud, if ever the price enter the one hour cloud and closes one candle inside the 1 hour the setup will automatically be invalidated. Why? because when prices enters 1 hour cloud all prices are equal and bulls might take the opportunity to push higher so don't take useless risk when you see it closing inside just run out of your short no need to marry a trade. As always my position size will be one lot but i will scatter entry using the 5 min kijun test. Good luck and enjoy the trading session. I know many say banks are long which is true!!!!!! but they are long since 1.106 don't they ever ever take profit? or let a 50 to 60% retrace occur?
Short
by Rey2010
4
GBPJPY, daily tf, sell the trend line retest with ichimokuHello my friends, I got another setup coming for you today. Another pair with JPY which is GBPJPY. I am using daily timeframe for this setup so don't expect price to move quickly along with our direction. Noticed that price already break below the ascending trendline with a solid candle close from previous candle. This upwards movement was only a retest of broken trend line in my opinion and we could see price go down again. There is also 61.8% fibonacci retracement resisance around 137.00 area so we could this could serve as a strong resistance. I am going to take a sell position here because there is some confirmations from my screener. 1st confirmation is price below the kumo cloud 2nd confirmation is kumo cloud color is red 3rd confirmation is parbolic SAR now above the price indicating sell pressure Sell GBPJPY 137.00 Stop loss 138.00 Take profit 1 at 135.85 Take profit 2 at 134.50 RR ratio is 1 : 2.5 Use only 1-2% risk Good luck Disclaimer : I sold GBPJPY from 137.00
Short
by HayatoDragonFX
USDJPY, 4hr tf, sell below kumo cloudHello my friends, Before i start my USDJPY analysis, i wanna update regarding my XAUUSD buy position which i posted yesterday. It is now floating +100 pips so better set your SL to entry now for a risk free position. Let's continue with today USDJPY entry. I am favoring USDJPY to go lower as price now below the kumo cloud on 4hr tf. All confirmations needed were fulfilled so we will take a sell position. 1st confirmation is price below the kumo cloud 2nd confrmation kumo cloud twisted to the downside 3rd confirmation parabolic SAR now above the price so we could say sellers are in control Sell USDJPY 105.30 Stop loss 105.70 Take profit 104.10 RR Ratio 1 : 3 Use only 1-2% risk Good luck If you find my post useful, please give me a thumbs up and follow me for next update
Short
by HayatoDragonFX
EURNZD, 4hr tf, SHS pattern with ichimoku confirmationHello my friends, Another nice setup come to my screener is EURNZD pairs. It looks like there is a SHS pattern forming and we could see price rotate lower soon. Price already broken below the neckline and we are now waiting for a bit retracement before selling this pair to the downside. Notice also price below the kumo cloud and it is red colored. Parabolic SAR also swithced from below to above the price so we could say sellers are pressuring this pair. Sell limit EURNZD 1.7745 Stop loss 1.7810 Take profit 1 at 1.7680 Take profit 2 at 1.7615 Take profit 3 at 1.7550 RR Ratio is 1 : 3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPCAD, 4hr tf, double top pattern with ichimoku confirmationHello my friends, Another possible setup for GBP cross is GBPCAD pairs. I am looking for a sell position in this pair as my screener showing this pair could go lower. Some confirmations already met and we could try selling this pair on a retracement to 1.7100 area. Noticed also it looks like this pair making a double top pattern and i think price already breached the neckline once with a solid candle close below it on 4hr tf. Price then bounce from the neckline support but it only bounced a litte compared to the previous bounce. I think we could see price continue south soon so we will set a sell limit order to get a more rewarding RR ratio Sell limit GBPCAD 1.7100 Stop loss 1.7160 Take profit 1 at 1.7040 Take profit 2 at 1.6980 Take profit 3 at 1.6920 RR Ratio is 1 : 3 Use only 1-2% risk Good luck If you find this post useful please drop a like and follow me for my next update
Short
by HayatoDragonFX
GBPNZD, 4hr tf, buy above the kumo cloudHello my friends, Yesterday i take a buy position on GBPAUD and it is has already hit TP1. I already take partial profit on it and set remaining position on breakeven for a risk free position. For today i am taking another buy position with GBP cross pairs. This time is GBPNZD. Noticed that price above the green kumo cloud on 4hr tf and parabolic SAR below the price. So we will only look to buy as the pair are bullish on 4hr timeframe. At 1.9570 there is some support that could hold price from going further down. There is a horizontal support and notice it is also the 61.8 fibonacci retracement of recent upward swing. Buy GBPNZD 1.9570 Stop loss 1.9490 Take profit 1 at 1.9650 Take profit 2 at 1.9730 RR Ratio is 1 : 2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EUR/USD Ichimoku Support BuysThis pair found support at the kumo last week before breaking back out and rising bullishly. I am looking for an entry for a bullish trend continuation. Ideally if we can get a drop back down and re-test previous resistance I will look for buys for that level to now be acting as support. All other ichimoku confirmations remain bullish as well. If we fail to get a drawback for a good entry, or if support doesn't hold. This setup may become invalidated.
Long
by The808Trader
1
EURAUD, 1hr tf, sell below the kumo cloudHello my friends, This week is not a good week for me so i don't trade many positions. I also got some position taken out by SL or closed at entry. For today i only gonna trade lightly as the market going sideways and quite hard to follow. EURAUD on 1hr timeframe just fulfilled my sell setup requirement and i am gonna set a sell limit for this pair. I will wait for a bit retracement to 1.6395 before taking a sell position so we could get a nice RR Ratio. As usual, i am using ichimoku setup combined with parabolic SAR based on this chart. Price below the kumo cloud and it is red colored so we will only look for sell position. Parabolic SAR also switched to above the price indicating sell pressure after the last 1hr candle. Sell limit EURAUD @1.6395 Stop loss @1.6430 Take profit 1 @1.6360 Take profit 2 @1.6325 RR Ratio 1 : 2 Use only 1-2% risk Good Luck
Short
by HayatoDragonFX
COVID19 AND THE VIX -- daily Ichimoku cloud breaksin the recent past, when we see a Ichimoku Cloud break in the VIX ( Volatility S&P 500 Index ) we see a strong acceleration upwards. The most recent example of this was on 13 Feb 2020 Inversely proportional to the VIX , the S&P 500 Index had a significant breakdown, represented on 21 Feb 2020 Since COVID19 outbreak, governments around the world have been scrambling to control their domestic economies by stimulus and monetisation of debt stoking Global Hyperinflation, and now real people are starting to feel the economic effects of Lockdowns and COVID19 travel and border restrictions. Currently TVC:SPX is entering the cloud, and the VIX is coiling to break through the cloud. This is true for other Major Indices around the world. Northern Hemisphere is entering their "winter flu season" and USA has their contentious Presidential Election looming in NOV. This could be shaping up for a BIG BOUT of VOLATILITY....
TVC:VIXLong
by Outside_The_Box_NZ
GBPCHF, 4hr tf, further upside movement to materializedHello my friends, Another setup is GBPCHF pairs. I saw a potential for further upside as price just broken above the descending trendline. It is now retesting the trend line and EMA-200 also at the retested area. We could say that this is an area of confluences. All the confirmations needed are also fulfilled so i am taking a buy position on this pair as well. Buy GBPCHF 1.1860 Stop loss 1.1810 Take profit 1 @1.1910 Take profit 2 @1.1960 Take profit 3 @1.2010 RR ratio is 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
GBPAUD, 4hr tf, buy above the kumo cloudHello everyone, I hope you all enjoy your weekend. Today is a new week and i hope we gonna get a great trading week. My first trading plan and setup for this week is GBPAUD pairs. I saw a potential for this pair to move higher once again as all the confirmation needed for this pair to go up is fulfilled. 1st confirmation is price above the kumo cloud 2nd confirmation is kumo cloud color are green 3rd confirmation is parabolicSAR below the price indicating buy pressure Buy GBPAUD 1.8020 Stop loss 1.7940 Take profit 1 @1.8100 Take profit 2 @1.8180 Take profit 3 @1.8260 RR Ratio is 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
EUR/NZD Bearish Ichimoku Breakout SellsAfter a push up last week this pair finally settled back downward at the edge of the kumo support. We are breakout out bearishly right now so I've set my entry line a little below recent price structure. If we can break that level I'll enter my sells and aim for price structure lows you can see to the left. I've also drawn out a couple partial take profit levels to aim for along the way. If we fail to break price structure support or if our bearish confirmations change, this setup may become invalidated.
Short
by The808Trader
1