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The808trader

Pound over the Yen? - GBP/JPY Ichimoku Long TradeWith the strength we saw in the pound, we've now risen up to test a couple flat kumo resistance levels. I am looking for a break up and through the kumo and beyond those levels for a chance to get long. For my overall price target I've chosen a flat kumo level that lines up with a kumo twist. I've drawn out partial profit levels on the way to that overall target as well.  If we fail to break through the kumo or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
Pound Ready to Rise? - GBP/USD Ichimoku Trade The pound got a push up and above the consolidation zone we've had our eye on for some time now. For this setup, I've set my entry line back at the top of the zone. For these zonal breakout trades I like to see price come back down to the top of the zone it broke out of, to make sure price will now respect that level as support. I'm targeting a price structure lower high you can see on the left hand side of the chart as my overall target, but will leave some of the trade running if we start to surpass it. As usual, I've drawn out partial take profit levels to aim for along the way as well. If we fail to get a drawback or hold support, this setup may become invalidated.
Long
by The808Trader
AUD in Trouble? - AUD/JPY Ichimoku Short TradeThis pair has seen some pretty big movement over the past few weeks and we recently had a pretty big bearish kumo breakout. I am looking for that bearish trend to continue, the Australian brush fires and the subsequent spending are probably going to hurt the Aussie a bit over the short term as well. I've drawn out a pretty wide stop loss here above the previous lower high that we saw. I'm aiming for the previous major price structure lows that we saw with partial take profit levels to aim for along the way. If we fail to maintain our bearish sentiment or if our confirmations change, this setup may become invalidated. 
Short
by The808Trader
1
Bearish Kiwi? - NZD/USD Ichimoku Short TradeThe kiwi has started to flatten out a bit here but I am still looking for the overall bearish trend to end up resuming after the pause we've seen. I've drawn a sell entry a little below our current price with a stop loss right above the rejection wicks we saw which also lines up a flat kumo area where we ended up twisting back to bearish. I've drawn out a few partial take profit levels to aim for on my way to my target. I do want to mention that if this trend resumes we could end up falling much further but I think this mid-term target is a good level to aim for while we watch this pair progress. If we fail to maintain a bearish trend or if our bearish confirmations change, this setup may become invalidated.
Short
by The808Trader
More USD Power? - EUR/USD Ichimoku Short SetupThe USD has been on a bit of a rampage over the past couple weeks and there's not much sign of a slowdown yet. I am looking for a good chance to enter a sell which may require some patience. I've drawn out my entry line where I would like to see a drawback and rejection form to help confirm my bias. As usual, I've drawn out partial take profit levels on the way to my overall target at the bottom of major price structure support. I've placed my stop for this setup a few pips above a previous rejection wick that I'll be watching to help hold resistance for that further move down I'm anticipating. If we fail to get a drawback or rejection, or if our bearish confirmations change, this setup may become invalidated.
Short
by The808Trader
Aussie Shorts - AUD/USD Ichimoku Short TradeThis pair stayed pretty consolidated last week but did see some small upside moves before falling at the end of the week. We are close to a bearish kumo twist and I am looking for a chance to sell if we can get a break out of our previous price structure support/resistance I've drawn out. If we can break that level I'll look to get short and target a previous flat kumo and important price structure level. I also drew out a couple levels to take partial profits at along the way. If we fail to maintain bearish confirmations, this setup may become invalidated. 
Short
by The808Trader
AUD/CAD Bearish Trend TradeThis pair some some strength for eventually trailing downward last week. We don't have a kumo twist yet but we are approaching the bottom of the kumo here and I will be looking for a chance to short when/if we get a bearish breakout. I've drawn my entry line at a level that corresponds with an important price level and a flat kumo area. If we break that level we should continue downward to possibly test recent price structure lows. I've drawn out a few partial take profit levels to aim for along the way as well. If we fail to get a bearish breakout, or if our confirmations change back to bullish, this setup may become invalidated
Short
by The808Trader
1
GBP to Hold? - GBP/JPY Ichimoku Long TradeWe ended up generally rallying after a dip at the beginning of last week. I am now watching for a drop down to the kumo to look for an ideal chance to enter a buy. We have a bullish kumo and some strong support down near the flat kumo area where I've drawn my possible entry line. In order to enter a buy I'll want to see some good support form to help confirm it's time to rise again. If we fail to hold support there or if we don't get the drop down to a key support level, this setup may become invalidated. 
Long
by The808Trader
CHF to Battle on? - AUD/CHF Ichimoku Short Trade SEtupThis pair finally saw a push down after a week of Aussie Strength. I am looking for a slight push back up to test the flat edge of the kumo. These areas typically act as a strong resistance and I am looking for a decent rejection to help confirm this bias. If we can get that rejection candle or a strong hold there, then I will sell down to my overall price structure target I've laid out. I've also drawn several partial take profit levels to aim for along the way. If we fail to get the rejection at the kumo, or if our bearish confirmations change, this setup may become invalidated. 
Short
by The808Trader
1
Battle of the Safe Havens - CHF/JPY Ichimoku Short tradeThis pair saw a pretty large sell off last week and I am looking for that trend to continue. We just had a decent bearish engulfing candle and I am looking for a close below the recent candlestick lows to get short. I've drawn out a longer term target at major price structure support as my overall aim, but we not make it all the way there. I've also drawn out some partial take profit levels to aim for along the way. If we fail to close and hold below our entry line, or if our bearish confirmations change, this setup may become invalidated. 
Short
by The808Trader
More Yen Strength? - GBP/JPY Ichimoku Short TradeThe yen has been gaining a bit with money flooding the typical safe havens during the end of the year and most likely with the help of the recent headlines. I am looking for a push back up and another rejection around the yellow zone I've drawn at a major support and resistance level. If we can get a good rejection there we should fall back down to our previous major price structure support I've laid out as my major target. I've also drawn out a few partial take profit levels on our way. If we fail to maintain o our bearish confirmations and trend, then this setup may become invalidated.
Short
by The808Trader
More Kiwi Strength? - NZD/USD Ichimoku Long TradeThis pair has been on a larger bullish run over the past few weeks and I am looking for that to continue. We are down near kijun sen here and I am looking for a push back up and beyond price structure highs we saw last week. I am looking for a good support candle to form to buy on for a chance to go ahead and get long to our targets I've drawn out. If we fail to hold support or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
GBP to Strike Again? - GBP/CHF Ichimoku Long TradeWe're going back to the GBP for this setup as well. Very similar to my GBP/USD setup, we saw a big spike with the election news last week and are back down near a flat kijun sen support here. I am looking for a chance to get long to try and get back up to price structure. We're already near a possible entry, but I would like to see a good support candle form to help confirm we are going to head back up. If we fail to hold our support or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
More Pound Strength? - GBP/USD Ichimoku Long TradeWe got a big move out of this pair last week, both before and after the election polls and results were coming in. With that big move came a large drawback down near a flat kijun sen to held the week. I am looking for a little further drop to test that flat kijun sen for a chance to once again get long. I've drawn out some price structure level targets to aim for along the way to the overall price structure highs we reached. If we fail to hold support or fail to maintain bullish confirmations, this setup may become invalidated.
Long
by The808Trader
Drawback Over? - USD/CAD Ichimoku Short Trade SetupThe setup levels should look familiar as they match a previous breakout setup we had for USD/CAD. I am looking for a rejection at this flat kumo level for a breakdown to major price structure support again. It looks like we are already starting to form a bearish move down and I'll want to see it sustained with our normal ichimoku bearish signs. If we fail to see a proper rejection here at the flat kumo level, or if the confirmations change to bullish, this setup may become invalidated. 
Short
by The808Trader
More Kiwi Strength? - Ichimoku NZD/USD Long Trade SetupThe kiwi has been on a rise for the past week and now I am looking for a drawback and support to hold for a chance to get long back into that trend. We're close to entry here at market open which actually may give us a quick entry into this with the gap that formed. I've drawn out price structure targets on our way to overall price structure resistance that I'm aiming for. If we fail to hold support or if our bullish confirmations change then this setup may become invalidated.
Long
by The808Trader
GBP Bullish Trend to Continue? - Ichimoku GBP/USD Long TradeDespite another stellar NFP report, the dollar didn't make substantial gains against the pound last week. It look like support is holding near where we're currently sitting and if it stays that way I'll be looking to back long. I'd like to see a small drop to the level I've drawn and support to hold there to help confirm my entry. All our other signs remain bullish for now as well. I've drawn out some targets based on price structure off the daily to aim for along the way to previous major price structure resistance. If we fail to hold support or if our bullish confirmations change, this setup may become invalidated. 
Long
by The808Trader
USD/CAD Big Bearish Break Opportunity - Ichimoku Short SetupThis is a forecast of where I need to see price go to if I am going to entertain a sell. We have a big flat kumo level which will act as a strong support. If we can break that level then we have a chance to sell down to at least the price structure level I've laid out as my main target. I've also drawn out some partial profit levels to aim for along the way as well. Ideally, if we get the drop we'll also see a bearish kumo twist to help confirm it is time to drop.  If we fail to break that flat kumo level or maintain bearish confirmations, this setup may become invalidated.
Short
by The808Trader
1
USD/JPY Long Chance - Ichimoku Buy OpportunityThis is a pretty simple drawback setup that I have my eye on going into this upcoming week. We've started to break tenkan sen support so I am looking for a drop down to kijun sen for a chance to get long. Usually I am looking for a good wick to form through kijun sen with the body of the candle closing above it, but I will be watching all price interaction in the case of a fall to support. We have a pretty good risk to reward ratio here and some price structure levels to aim for along the way. If we reach recent price structure highs, I will leave some of the position to run as long as there are bullish confirmations. If our confirmations change or we fail to get a good entry, this setup may become invalidated.
Long
by The808Trader
GBP Ready to Rise? - GBP/JPY Ichimoku Long SetupWe've had GBP/JPY drawn out in a longer term consolidation pattern for a while now. Originally we were waiting for a break and retest of the zone to drop, but that the moment we actually broke to the upside. You can see the price structure to the left that I am looking to grab a buy at, as we attempt to make a bullish push upward. This opportunity is providing a good risk to reward ratio as well. I've drawn out some partial take profit levels on the way to my overall target based off previous price structure. If we fail to hold support, we may fall back into consolidation. If that happens, this setup will become invalidated. 
Long
by The808Trader
Yen to Break the Zone? - GBP/JPY Ichimoku Short TradeThis setup has been on our radar now for awhile, but it still remains valid if we can break the resistance level at the bottom of the consolidation zone we've been stuck in. If we can get a solid break of that zone I'll look to get short and trade down to the bottom of the previous bullish kumo you can see on the left hand side. If we fail to break the bottom of the zone and hold bearish strength then this setup may become invalidated.
Short
by The808Trader
Further Bullish Momentum? - EUR/CHF Ichimoku Long TradeThis pair got a big bullish push over the past couple weeks and I'm looking for that trend to continue. All our confirmations are looking pretty strong right now, I just would like to see a small dip to get a good entry. I'm going to play this one with a pretty tight stop loss since we've been respecting tenkan sen so well. My overall target is previous major price structure highs but I've drawn out several partial take profit levels to aim for as it rises. If we fail to hold our bullish trend or if our confirmations change, this setup may become invalidated.
Long
by The808Trader
USD Strength? - EUR/USD Short Trade SetupThis pair broke down and through the kumo at the end of last week as a trend trend is trying to get established. We are close to a bearish kumo twist, so I would like to see a drawback to resistance to look for a sell entry. If we can get that drawback and form a good rejection I'll look to enter my short. I've drawn out a few price structure levels to aim for some partial profit as well as the overall price structure goal. If we fail to get a good drawback or our bearish confirmations change, this setup may become invalidated.
Short
by The808Trader