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The808trader

EUR/GBP Ichimoku Long Trade Idea - The808Trader.comThis pair was moving sideways in consolidation until the Euro news from last week. Barring any news that could move this pair to the downside, I am expecting this trend to continue. We've had a kumo breakout and now it has fallen to support, but remains bullish overall on this time frame. I am looking for a buy entry and targeting a previous high of  .8929 as my TP level.  If any of our bullish confirmation signs change, it may invalidate this trade.
Long
by The808Trader
EUR/JPY Ichimoku Long trade idea - The808Trader.comWith the huge Euro movements last week, this pair reversed and accelerated all the way back into the cloud. I am looking for a possible buy entry if my confirmations come for this trend to continue. Ideally Chikou span would rise above previous price, and we would get a future kumo twist to bullish to confirm a trend continuation. If that happens I will enter a buy targeting our previous high of 136.38 If our confirmations remain bearish, I will not enter. If our confirmation change from bullish to bearish, the trade will be invalidated.
Long
by The808Trader
NZD/USD Long Ichimoku Trade Idea - The808Trader.comThis pair has been on a nice bullish breakout and barring bad economic data, I'm expecting this run to continue. I am waiting for a drawback to enter a longer term swing. My entry level is based off support on the daily which is where we may drop to on the 4 hour chart. So, I am looking for an entry around .7173 and I'm targeting a previous high of  .7515 as a long term target, with .7348 as my first TP level. If I do enter I'll be setting a stop all the way back at the bottom of the cloud and previous support around .6988 If any of my bullish confirmations change then this trade may be invalidated
Long
by The808Trader
EUR/JPY Bullish Ichimoku Trade IdeaThis pair has been riding in the cloud for a while before finally getting a kumo breakout. This combined with the bullish TK cross we just had, as well as the kumo twist back to bullish, lead me to believe this pair could be headed up. I am targeting the previous high as my TP at 134.23 and setting my stop at the TK cross. If our bullish confirmation signs change, or chikou span fails to break above price, then this trade will be invalidated.
Long
by The808Trader
GBP/USD Ichimoku Trade IdeasThis pair has tried pushing down on support here and has been failing to break it. We entered back into the cloud last week with a show of USD strength from NFP. Looking at the daily chart, price is holding at tenken sen which is about where the flat part of the cloud is on this 4 hour chart screen shot. There are two possible outcomes for this pair to watch. Bullish: If we hold support at the flat part of the cloud here and bounce up and out of the cloud, along with chikou span rising above price and our cloud staying bullish, I will enter a buy, targeting 1.3509. Bearish: If the cloud is broken and we get a future kumo twist to a bearish cloud, I will look for a sell if we get a bearish kumo breakout. If that happens I'll target kijun sen on the daily which is around 1.3297 as my TP
by The808Trader
USD/JPY Long Ichimoku Trade IdeaOn the daily, price is still running in the cloud, indicating we're not quite sure which way the long term trend will go. That being said, there is still room for price to move to the upside here. I am looking for a buy off of support at the cloud or kijun sen. I'll target just below the previous high, but I may just close half the position there and let the rest run with a stop loss moved to slight profit. If our bullish confirmations change then this trade will be invalidated.
Long
by The808Trader
AUD/USD Short Ichimoku Trade IdeaThis analysis is coming from the daily, but a 4 hour chart can be used to help confirm an entry. I am lookign for a trend continuation trade here since all signs are remaining bearish. I am targeting a level of previous support as drawn out on my chart. We may get some movement to help boost this trend as well with the passing of the new tax bill. If our bearish confirmations end or news pushes us the other way, this trade will be invalidated.
Short
by The808Trader