Ichimokuforex
Short Term Sell Opprtunity on NZD JPY Though it bit risky but you can open a short term scalping trade on NZD JPY
Entry: 70.27
SL: 70.40
TP: 70.15
How to Become a Profitable Forex Trader:
1. Money Management (max risk per trade 1-2%) ✅2. Money Management (max risk per trade 1-2%) ✅
3. Money Management (max risk per trade 1-2%) ✅
4. Any strategy or indicator will work fine with 50% accuracy but the key is 1:2 or 1:3 risk reward ratio at least. ✅5. Don't panic, stay patient, be profitable ✅6. Always remember today isn't the last day of forex market, you have to survive to be a successful forex trader ✅
7. Don't set an unrealistic profit target, set a plan, stick on it, let the market do for you ✅
8. Be metaliy prepared for the long term result ✅
9. Always remember you are not a day laborer in forex market, you don't have to make profits everyday ❌
Happy Trading!
❌ Risk Warning :This idea is intended for educational purposes only and it's not financial advice. I will not accept any liability for loss or damage.
EUR/USD 4H Ichimoku Analysis.Looks like more downside is coming!If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
Looks like there is more downside coming as on the 4 hour everything aligns in the Ichimoku system for more downside.
1. Price is under the cloud
2. The Cloud ahead is turning bearish.
3. The Tenkan ( Yellow Line ) is under the Kijun ( Dark Blue line )
4. The Lagging span ( Purple line ) is also under prices and the cloud with no obstacles ahead.
All pointing to more downside. The probabilities are in your favor in this trade opportunity as you can not get more confirmation then this in the Ichimoku system.
Please be carefull and manage your risk on leverage trading!
potentiel paires hebdomadaire salut chers amis!
la semaine dernière , fut un peu troublante avec les annonces à n'en point finir et des retours macroéconomiques . J'avais donc jugé bon de m’abstenir de certaines analyses qui n'ont pas trouvés de validations qui me semblait probantes .
Alors cette semaine j'ai quatre paires de devises à surveiller .
1-AUD/USD (vert/orange) qui semble maintenir la tendance de la semaine dernière .
2-EUR/USD (rouge/orange) je serai en neutre sur cette paire en attendant un bon signal ichimoku .
3-CAD/USD (violet/orange) , sur cette paire je me prononcerai plus sur la paire USD/CAD qui me semble intéressante .
4- GBP/USD (bleu/orange) .
rendez-vous sur mes analyses de la semaine .
merci.
USD/CHF 4H Ichimoku and Pattern Analysis, Flip a coin?If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
USD/CHF has been bearish lately and had a small reversal on June 11 when it broke to the upside of a falling wedge pattern.
Now it's forming a bit of a bullish flag/symmetrical pattern and although the general trend seems to be bearish, this pattern breaks to the upside 9 out 10 times.
On the Ichimoku, it's just under breaking through the cloud which would confirm the bullish reversal and also break the pattern to the upside.
The Tenkan ( Yellow Line ) also broke above the Kijun ( Dark blue line ) which is a bullish sign as well.
It's still under the pivot which aligns with the SSB ( red line and top of the could ) which is considered bearish.
Even the RSI is in the middle, which leaves room for both sides to take the upper hand.
As we don't know what will happen, while the up seems more probable but not by much, you could play the breakout. Stop under or above the Pivot ( leave some room for fakeout wicks ) and as targets the S1 to the downside and R1 to the upside.
Be careful leverage trading is risky so manage your position sizing accordingly!
USD/JPY 4H Ichimoku analysisUSD/JPY looks like it might be up for a reversal.
It still looks bearish at the moment, and will until it breaks the Kijun ( Dark Blue Line ) although it does show some bullish signs like the twist in the cloud above as a weak point of resistance ( Green circle ).
Additionally, there is also an increase in volume on the OBV which supports the small uptrend.
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
EUR/CHF Ichimoku Short Trade SetupFor this setup I'm looking for a slight push higher to test kijun sen.
If we get a rejection I can start to look for sells.
All our other confirmations remain bearish right now so we will keep that bias until something changes.
I've drawn out some partial take profit levels to aim for on the way to the overall price structure levels you can see on the left side of the chart.
If we fail to get a push down off of kijun sen or if our bearish signs change, this setup may become invalidated.
GBP/AUD Ichimoku Long Trade SetupThis is a little bit of a longer term move I'm watching.
I'm looking for a bullish breakout for a chance to get long.
We'll have to keep an eye on this as it progresses as it's still just an idea and needs to develop a little more.
If chikou span falls below price then this may move back to bearish and we can shift our bias.
If we do get our bullish breakout I've drawn out a few potential partial take profit levels to aim for on the way to the overall target.
If we fail to get the bullish breakout, this setup will become invalidated.
AUD/JPY Ichimou Short SellsIf you're a member of mine then this will look familiar.
We already grabbed a little profit off the initial drop and I'm looking for that bearish run to continue.
We can enter a sell here at the kumo with a stop loss above recent price structure highs.
I'm targeting price structure to the left as my overall target, but I've also drawn out some partial take profit levels to aim for along the way as well.
If we fail to get rejected at the kumo or if our bearish confirmations change, this setup could become invalidated.
USD/JPY Consolidation Short TradeThis pair has been stuck in consolidation for a while now and I'm looking for a sell here near the top of the zone back down towards the middle or where price has been stuck.
Even after a small gap at open we have a good opportunity to get short as price will likely look to balance back out yet again.
If we fail to break down further the we have a tight stop, despite risk to reward not being the greatest, it's not too terrible either. If we fail to break down, this setup may become invalidated.
EUR/USD Ichimoku Long trade SetupThis pair has been moving steadily up with the fundamentals that have been deemed safe versus the chaos going on with the dollar.
I am looking for a small drawback to previous price structure support for a chance to get long.
We have a good short stop here and we can aim for previous price structure as a target.
If we fail to get a good drawback and support to hold, then this setup may become invalidated.
GBPUSD - Trend is changing?GBPUSD has been bearish for a while but recent action shows a strong GBP.
In the main chart, we can see a first breakout of the Ichimoku Cloud, then a retracement and a re-test of the second line of the cloud with a very strong reaction by buyers.
If we zoom in, we can appreciate other details.
1. Price already broke last important Swing High of the previous downtrend, so potentially this is already the end of that downtrend, although this is not a guarantee that next trend will be an uptrend;
2. We have a bullish engulfing pattern on an important level of the cloud, followed by strong action by buyers.
3. Risk to reward ratio is better than 1:2, which is great for Ichimoku Trading.
Not everything is good for this trade, though.
If you had the chance to take my course on Ichimoku trading, you would certainly notice that the two fundamental conditions are not fulfilled (yet). The price is still in the cloud and the blue line is flat, coming from a down-movement.
Still, I think there is the potential to take this trade now and take advantage of the great risk to reward ratio that it offers.
An alternative, based on the rules of the Ichimoku, would be to wait for the price to break the cloud (that should also be enough to turn the blue line up):
In that case, you would have a much worse risk to reward ratio, although you get an additional confirmation.
Good luck!
EUR/AUD Ichimoku Bullish BreakoutThis pair has finally been holding support and is poised to attempt a bullish kumo breakout to form a new trend.
I've set my buys above the previous candle's wick to enter into our long position.
I've set my overall TP at price structure highs from a few weeks ago as well as a few partial take profit levels along the way.
If we fail to maintain bullish confirmations or if we fail to hold above the kumo, this setup may become invalidated.
Kiwi Retracement Sells - Ichimoku NZD/USD ShortWe've been absolutely hammering this pair lately, let's see if we can keep that streak going.
This setup is similar to the Aussie play we're looking at as well.
I am looking for a small bounce up and a rejection at tenkan sen to keep the bearish trend running.
If we get that retracement and rejection I'll enter the sell with the main TP being down at the kumo twist you can see on the far left of the image.
I've also drawn out a few partial take profit levels with the green horizontal lines. I like to reduce my risk as it runs by taking some money off the table and letting the rest of the position run.
If we fail to get a decent retracement or if our bearish confirmations change, this setup will become invalidated.
Aussie Drawback Sells - Ichimoku Short TradeThis pair has broken below the kumo and is trying to establish a bearish trend but struggling a little here.
I am looking for a drawback to tenkan sen and price structure for resistance to form to help confirm a sell.
If we can get that drawback and push down, we should be able to break the support we're currently stuck at around .6410.
If we're able to get our sell, my main TP will be at the previous flat kumo and twist you see on the far left of the screen.
If we fail to hold our bearish confirmations or get a decent drawback for our sell, this setup may become invalidated.
NZD/USD Ichimoku Drawback SetupThe kiwi has risen up to a strong level of previous price structure resistance.
While my overall bias is bullish I am expecting a drawback here to test support before trying to push any higher.
I've drawn out my target at previous price structure we are likely to try and test support as well as a flit kijun sen level.
Remember that we are close to a bullish kumo twist and chikou span is above price meaning we are still bullish overall so this is just for a short term sell.
Since it is counter trend, this is higher risk than normal, so I'll be taking a slightly small risk %. If we fail to get the drop or show signs of the drop we're looking for, then this setup may become invalidated.
EUR/JPY 1 Hr Ichimoku Bullish BreakoutThis setup is a combination of a bullish breakout on the 1 hour chart, and a retracement play on the 4 hour.
I'm going to look for buys if we can get a small dip to tenkan sen or kijun sen and hold above them on the 1 hour time frame.
That will be my chance to get long and aim for my overall target I've drawn out here, as well as the partial take profit levels I've drawn lines at.
Our overall target also lines up with the bottom of the flat kumo on the 4 hour chart so it will likely turn into a major resistance area for us and give us a chance to evaluate how this trend is doing.
If we fail to hold support and climb higher, or if these bullish confirmations on the 1 hour chart change, this setup may become invalidated.
EUR/USD Ichimoku Bearish Trend ContinuationWe absolutely smashed this pair last week and I'm looking for some bearish momentum to continue for us to take advantage of another sell opportunity.
We dropped hard last week before ending the week by testing kijun sen and the kumo resistance we're sitting at right now.
We have been holding kijun and the kumo so I'm going to look for a sell at a break below our current candle for a chance to short.
I've drawn out partial take profit levels on my way to the wick price structure low we formed a couple weeks ago.
If we fail to hold bearish resistance, or if our bearish confirmations change, this setup may become invalidated.
