ichimokucorner

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CADJPY is bullish across multiple timeframes. A comprehensive top-down Ichimoku analysis can help us confirm our bias and find the best time to enter. Weekly: On the weekly chart, it is bullish. We have strong Ichimoku signals such as Tenkan-sen above Kijun-sen, a bullish Kumo cloud, Chikou span above price, and lower highs forming in price action. If we...

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AUDCHF has recently broken the descending channel established in March. Additionally, AUD is currently the weakest base currency on my scanner, with 1H, 4H, and 1D weakness. Meanwhile, CHF is trending upwards, with 1H, 4H, and 1D strength. Combined, we have AUDCHF breaking support, AUD becoming weaker, and some healthy Ichimoku signals: On the 4H chart: -...

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USDJPY is attempting to break out to the upside. However, this seems to be driven by JPY weakness, not USD strength. All USD pairs are heading down. This makes it unlikely that USDJPY will successfully break to the upside. I wouldn't short based on this, but I will avoid going long until USD starts to regain some strength. It is unlikely for a healthy trend to...

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I am currently seeing BTCUSDT as bearish according to Ichimoku. My view is that we should only look to take short trades if price breaks below the support level at 17622. You can expect price targets, or other zones of support, around 16300 and 15000. If you would like to view the full analysis, starting at the weekly level, going to the 4H chart, then look...

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#AUDUSD is retracing back towards the Kijun-sen on the 4H chart. The Kijun-sen on 4H is also aligned with the Kumo on the 1H chart. Price could rebound off 0.69595. If it breaks through and closes below this price, the downtrend could continue. #ichimoku #forex #trading 1H chart for comparison: Ideas: If price closes below 0.69595 then look for a short...

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Relative strength is an extremely important—and overlooked—aspect of forex trading. In short, relative strength involves analysing each side of a currency pair to see where the best opportunities exist. If USD is strong, we want to look for the WEAKEST other currency. The opposite is true if USD is weak, we want to look for the STRONGEST currency. When you...

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GBPUSD has broken below the support established on 13 May. The 4H chart is bearish, but has a thin Kumo which can imply overextension. We need to use lower timeframes to confirm and follow the trend: On the 1H chart we have a nice thick Kumo angled down, Tenkan and Kijun-sen are angled down, and Chikou below the candles. You can also see the support...

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Every day I run a Rate of Change scan across three timeframes for each of the major currencies. As we head into the new week, the scan is showing that USD is the strongest currency, while AUD is the second weakest (behind JPY and tied with NZD). This is enough for me to take interest in AUDUSD as a possible bearish trade (and USDJPY as a bullish trade). Now that...

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USDJPY is forming a bullish flag on the 4H chart. If it closes above the recent highs on the 4H chart then it could be a sign of trend continuation. According to Ichimoku, the trend is bullish on 4H and 1D charts.

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Ichimoku makes identifying trends very easy, but it can be difficult to know when to enter a trend. This factor is often overlooked by newer traders, and it makes a significant difference to risk-adjusted returns. One of my favourite ways to identify when to enter a trend is to use the concept of relative strength or weakness. Put simply, relative strength or...

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GBPUSD has been bearish since Feb and is currently nearing support. The overall picture on the daily chart looks quite bearish: 1. Price under Kumo 2. Kumo thick 3. Tenkan-Sen below Kijun-Sen 4. Chikou Span has been below price. Is currently inside price but near a bearish break. All that is needed for the bearish trend to resume is for the price to close...

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Following my analysis of the bullish 4H signal, it is important to look at lower timeframes to analyse the trend. On the 1H chart, we can see price is currently consolidating. Flat Han-ne lines (Tenkan-Sen/yellow and Kijun-Sen/red) indicate the short and medium-term price isn't making new highs or lows. The same is true with the Kumo cloud. When our Ichimoku...

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If S&P500 futures close above 4482 on the close of this 4H candle it will trigger a strong Ichimoku buy signal. The "Sanyaku Kouten" signal is when we have a Tenkan/Kijun cross, Chikou breakout, and Kumo breakout. Watch today's price action and check lower timeframes for entries. We have nearly passed all the hurdles I mentioned in my earlier TradingView idea that...

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CADCHF is trending up according to Ichimoku on the 4H and 1H chart. Additionally, CAD is showing strength, and CHF weakness, on currency-strength.com Ichimoku criteria: 1. Kumo angled up + thick 2. Price above Tenkan-Sen 3. Tenkan-Sen and Kijun-Sen angled up 4. Chikou above price I am looking for a long entry on lower timeframes to follow this trend.

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I have taken an intraday long position on AUDUSD using the 1H and 15m charts for confluence. Each chart shows: 1. Thick Kumo Angled up 2. Tenkan-Sen+Kijun-Sen angled up 3. Chikou above candles We are also in the first leg of a Kumo breakout according to the 1H chart. I entered on the labelled resistance breakout. Ichimoku is somewhat bearish on the 4H chart,...

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USDJPY is bullish on the 4H timeframe according to Ichimoku. 1. Kumo is thick and angled up 2. Tenkan-Sen and Kijun-Sen are angled up 3. Chikou Span is above the candles 4. Price has cleared recent horizontal resistance. I entered a long position at the break of horizontal resistance. I am holding with a target price of 128.959 as this is the Ichimoku V price...

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S&P500 (via E-mini futures) is still bearish on the 4H Ichimoku chart. There are three hurdles that it needs to pass before I will look for a long position: 1. Price action resistance at 4455 2. Resistance from the future Senko Span B at 4442 3. Price is still under the cloud I would look for long positions if it clears these three hurdles and we have a Kumo...

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In my recent post I indicated that I am long USDJPY due to the higher timeframe bullish trend: A question that traders often ask is "how do I set a stop-loss when the market is moving up?". This applies if you are looking to enter your first trade in the trend, or if you want to trail a stop-loss on an existing order. The answer is simple when you use...