Daily and H4 Charts: Very strong bullish momentum and for this week alone, the JPY is extremely weak. Buy conditions: 1) Bullish hammer sits on the Kijun, with H1 showing all the Ichimoku bullish signs. 2) Price > 200 EMA 3) This is a strategy for re-entry. 4) SL is set at Senkou span B. 5) Since the bullish momentum is very strong, I won't set a fixed profit...
Buy condition: 1) Bullish hammer sits on Kijun 2) Bullish TK Cross 3) Point 1 and 2 = ideal price to enter trade 4) SL is set at Senkou span B 5) I will trailing my SL using Senkou span B 6) Target price = Daily Kijun
Daily Chart: Bullish H4 Chart: Bullish H1 Chart: Price is ranging as depicted by the yellow box. Bullish Tenkan-Kijun cross but both are flat. Even the Senkou Span A and B are both flat. However, 1) Chikou span breaks out of the range 2) Chikou span > Price 3) SL is placed at the lows of the yellow box or fractal levels.
Daily Chart: Bearish H4 Chart: Bearish H1 Chart: Re-entry 1) Fractal breakout. 2) SL at the most recent fractal. 3) Trailing SL based on several strategies e.g. fractals, ATR, Kijun break, Tenkan-Kijun cross.
Daily Chart: Bearish H4 Chart: Bearish H1: Re-entry opportunity 1) Tenkan, Kijun, Senkou span A and B are all pointing downward, with Tenkan and Kijun showing separation. 2) Chikou just broke the price level (support level), < Price 3) Stop loss at recent swing high 4) Exit plan = bullish TKX, price> Kijun, hits trailing SL based on ATR. It is unclear if it...
Daily Chart: Bearish H4 Chart: Bearish H1 Chart: Re-entry opportunity 1) Tenkan, Kijun, Senkou span A and B are all pointing downward, with Tenkan and Kijun showing some separation. 2) Chikou span is 'open'. 3) In 1 hr's time, if the price closes as it is now, it will constitute a fractal break on H4. 4) SL at recent fractal level. 5) Trailing SL based on ATR or...
Daily chart: Bullish H4 Chart: Bullish H1 Chart: 1) Price > Kumo and Kijun 2) Doji candle formed just above Kijun (I would prefer a doji with long wicks, though) 3) Buy stop order a few pips above the high of the doji 4) Stop loss a few pips below the low of the doji or nearest fractal 5) Take profit at the recent swing high or when candle closes below the Kijun
Daily chart: Bullish H4 Chart: Bullish H1 Chart: 1) Price > Kumo and Kijun 2) Doji candle formed just above Kijun (I would prefer a doji with long wicks, though) 3) Buy stop order a few pips above the high of the doji 4) Stop loss a few pips below the low of the doji or nearest fractal 5) Take profit at the recent swing high or when candle closes below the Kijun
Bullish Kumo Breakout: 1) Price closed above kumo. 2) Price > Kijun 3) Bullish kumo twist 4) Chikou span > price Entry: Buy at the close of the breakout candle. Stop loss: Below the Kijun Take profit: Candle closes below Kijun. PS: Kumo Breakout took place 4 days ago. However I was waiting for the bullish Tenkan-Kijun cross to happen, as an additional...
A rising wedge requires at least 3 touches for it to be valid. The prices are making higher highs and higher lows. A rising wedge is considered a terminal pattern and hence the bullish momentum must eventually come to an end. SMA 50 is below SMA 200 and the breakout candle has closed below SMA 200. Since SMA 50 is below SMA 200, it implies that the long term bias...
Price is above the MA = long. Price has pulled back to MA and previous resistance-turned-support. Place a buy stop order at the high of the daily pin bar.
Both the long term and short trend for NZD/USD are bearish.
Both the long term and short term trend for AUD/USD are bearish.