Nice retrace from the 1.2736 resistance line. Look for price to go down from here.
All moving averages are down on the Kumo Cloud and T/K average.
Short EUR/GBP Short EUR/NZD Short US T-Bond
Forex review for Feb 28 to Mar 5, 2020.
Price is bouncing off span A. Should be bullish from here.
Ichimoku indicator was developed in the early 1940's by a Japanese trader. It is a true, tried, and tested system that works if you follow its rules. I didn't give it a chance 5 years ago, but now I use it exclusively for trading the forex market, and it is close to being the best trading system in my opinion.
Price is heading near the 618 fib retracement level. Looking for closing price to close below the 5 and 10 EMA line chart and then we will take the short trade. Stay patient traders!
Short Gold on 1 hour chart with Kumo twist.
Short trade on eurcad. Tenkan-sen = price below Kiijun-sen = price below Cloud = price way below Senkou Span A = slight negative slope Senkou Span B = slight negative slope Chikou span = hitting resistance
My weekly Forex review for Feb 21 to 26, 2021. Stay patient!
Crude Oil went into profit earlier today. We got a 1.44 risk to reward ration. The ichimoku system allowed us to stay with the trend and gain a profit. Be patient traders!
Nice long play here. We are closing above the clouds. Chikou Span also closing well above both Kijun-sen and Tenkan-sen lines. Look for more momentum to upside!
Price has closed below the EMA's. Also the EMAs is crossing over. Overall trend is down on the daily chart as confirmed with diverging EMA's.