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The808trader

EUR/GBP - Ichimoku Big Drawback SetupThis is a big drawback play that I've been watching on the daily. We are also headed towards a bullish TK on the 4 hour which leads me to believe we are about to have a major drawback despite our traditional bearish signs here. I am looking for a push up above our current candle, aiming for where our TK cross is taking place right now. If we complete the bullish TK cross on the 4 hour, I believe we will see this TK cross rejection occur, and and the TK formation go back to bullish. This is a drawback setup though, so by nature it is higher risk, so if I enter I'll only be risking 1% of my capital. If we fail to rise above the current candle or form a bullish TK cross on the 4 hour, this setup may become invalidated.
Long
by The808Trader
2
AUD/JPY - Ichimoku Drawback SetupThis setup comes from the daily, watching for a drawback. I've zoomed in here on the 4 hour so you can see the setup a little closer. Remember that drawbacks are by nature a little more risky than trend trades since statistically a trend is more likely to continue than to end. So, if we get the break below the current candles we'll have I'll be risking about 1% of my capital here. I may extend my TP out if it continues to fall, signalling to me in that case that we might have gotten in on an early reversal. If we fail to break lower or we don't maintain the separation of price to tenken sen on the daily, this setup may become invalidated.
Short
by The808Trader
EUR/JPY - Ichimoku Trade SetupWe had a long move sideways last week before finally break up and out of the kumo. There are two ways I can look to enter a buy here. I've set this entry at a break above previous resistance. As an alternative I can wait for a good support candle at tenken sen or kijun sen for an entry. As long as we can break above the entry I've shown above we should be able to hold support and climb higher. If we fail to break higher or hold support at tenken sen or kijun this setup may become invalidated.
Long
by The808Trader
GBP/USD - Ichimoku Short Trade SetupI'm moving to the daily chart for this analysis, so this will be a swing trade instead of our typical short term trade. We rose up at the end of last week and met the kumo cloud and kijun sen acting as resistance. If this resistance holds we can look for a sell. I am setting a sell entry below our current candle, but as an alternative I may take a sell at the kumo cloud if we have a good rejection candle. I'm setting a TP level at our previous structure low. If we fail to get a good rejection candle or break lower, this setup may become invalidated.
Short
by The808Trader
2
GBP/NZD - Ichimoku Short Sell SetupWe've had a textbook kumo breakout with some secondary chances to enter a sell at our typical bounce trades. I am looking for another tenken sen rejection here for a possible sell to the next major support zone. I've set my entry level below our current candle hoping to catch that move down. I will also take partial profit at our previous candles low if we move lower. If we fail to break lower or hold resistance at tenken sen then this setup will become invalidated.
Short
by The808Trader
GBP/JPY - Ichimoku Short Sell SetupWe had a big bearish move last week before this pair finally found support and retraced all the way back up to kijun sen. It is still holding resistance here and I am watching for a continued move down with an opportune time to enter. I've set my sentry level at tenken sen hoping to catch a move down if we see our bearish price movement continue. I've set my TP near our previous price structure low, but we may even push past that if we can get the bearish impulse to break lower. If we fail to break lower or stay below kijun sen here then this setup will become invalidated. 
Short
by The808Trader
EUR/USD - Ichimoku Sell SetupThis pair had a bearish breakout last week before finding support and rising back up the kumo. This also lined up with a rejection at kijun sen as well making it a pretty strong zone between the bottom of the kumo and kijun sen. I am looking for a this area to act as resistance and for price to drop back down to previous lows. I've set my entry below our current candle with my stop loss at the kumo. I may also take a smaller lot size with a stop loss at kijun sen if we rise back up to the kumo. As I mentioned my TP is previous structure low. If we fail to break lower or hold resistance between the kumo and kijun sen, this setup will be invalidated. 
Short
by The808Trader
2
USD/CAD - Ichimoku Long Trade SetupAfter a sizable drop USD/CAD is back near the top of the kumo. Tenken and Kijun have gone a little flat here meaning we've lost some momentum, but I am watching for a possible bullish breakout here this week. I would still like to see a bullish kumo twist complete to help confirm a buy entry as well as a move up above our previous resistance we've been seeing. We've got a good risk to reward here once we see those things happen. It may take another drop down to tenken sen or the kumo before that possible move up even happens, if it happens at all. If we fail to hold support or get the breakout we're looking for, this setup may become invalidated.
Long
by The808Trader
3
USD/CHF - Ichimoku Long Trade SetupWe've already grabbed some nice profit from this pair from this textbook bullish run but steam has run out a little bit here as we've started to move sideways. I am watching for a drop to kijun sen and a good support candle to hold to look for a long entry. If we get that, I will enter a buy and get long, targeting our previous high from the end of last week. Alternatively we could also watch for a breakout above this consolidation zone we've been stuck in for a couple days now. If we fail to hold support or break higher this setup will become invalidated.
Long
by The808Trader
AUD/JPY - Ichimoku Short Trade SetupThis pair had a nice bearish breakout last week and has been holding our brearish trend so far. I am looking for a good opportunity to get in a short position. I've drawn my entry at previous support that could act as resistance for us, should we get the rise I am looking for. I want to see this small move up and a nice rejection candle as confirmation to enter where I've laid it out. If we see that confirmation I'll enter this sell targeting our previous kumo twist as a good TP level. Alternatively we could look for a break below our recent low candle as an entry, but we lose a lot of the risk to reward there. If we fail to get the rejection or break lower, this setup will become invalidated.
Short
by The808Trader
USD/CHF - Ichimou Long Trade SetupWith the USD strength last week we saw a kumo breakout and a rise up above previous resistance. I didn't get in the original breakout but I'm looking for a drawback to the previous resistance area I drew a line at for entry. If we get that drawback and support holds I will look to get into a long position. I'm targeting a flat area on a previous kumo cloud as my target. If we fail to get a drawback or hold support on that drawback this setup may become invalidated. 
Long
by The808Trader
EUR/USD - Ichimoku Short SetupWe got a good breakout with this pair last week and I'm looking to hop into a bearish trend continuation. I am looking for a drawback to where I believe tenken sen will be. I will not be setting this one as a pending order, instead I'll be watching for a move back up and a good rejection candle at tenken sen to help confirm it's time for a sell. I'm targeting a previous structure low if we do enter as I drew it with the blue horizontal line. If we fail to rise to a good rejection area, we could also look for a breakout below these recent low candles. If we fail to do either of these scenarios, this setup will become invalidated.
Short
by The808Trader
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