EURUSD has reacted to weekly Ichimoku Cloud. The cloud is working here as support and I will be biased to the upside next week for EURUSD.
When using the Ichimoku indicator, it is usually a good idea to enter a trade in the direction of the trend when you see the Tenkan & Kijun close together and when the Tenkan, Kijun, and Cloud have sharp angulation pointing to the future price of the asset. You can see in the chart that this was the case previously as the price rose, now it could be the same case...
this one's a little weird on the ichimoku front, as the base and conversion lines shared values ever since earnings, but it does count as a cross when it popped over today. Meanwhile there's a lot to like about this chart; nice boost after earnings that persisted without giving back ground, and now momentum is building behind it (i think this is what Ichi is...
Continuing with my trading Ichimoku this year I caught a trade on NASDAQ:FISV at the bottom of the daily cloud. I'm looking to play a Call as earnings approaches in February.
Based on Ichimoku cloud, trend forecast is Bearish and we are looking for Short. Just wait and see for the chikou span to break the cloud for confirmation
On the daily TF, price may either bounce off or shoot past kijun. On the H4 TF, all the Ichimoku signs are bullish though the chikou span is still within the cloud. Look to long when chikou span closes above the kumo. Otherwise, a short trade could be taken with TP set at the nearest support.
On the daily TF, there is a rejection candle off the kijun. All the Ichimoku signs are bearish with prices making lower lows and lower highs. Although the future kumo is bearish, senkou span A and B are both flat. Chikou span has not broken past the kumo yet. I am expecting a valid kumo breakout pretty soon.
All the Ichimoku signs on the daily TF are bearish. Price has pulled back to the previous support turned resistance. A rejection candle is bouncing off the kumo top and kijun shadow. The future kumo is dark and thin. A short entry is confirmed by %R.
All the Ichimoku signs on the daily TF are bullish. Price has pulled back to the previous resistance turned support. There is hidden bullish divergence on UO, with a slight regular bearish divergence. Hence, some degree of precaution is required. Confirmation is attained by %R.
All the Ichimoku signs on the daily TF are bearish. There is a strong rejection candle bouncing off the Kijun sen, which also aligns with the flat kumo bottom and previous support turned resistance. Price is currently sitting nicely within the tenkan-kijun zone, based off the 10 candle rule. The future kumo is dark and thin. Short entry is confirmed by %R.
All the Ichimoku signs on the daily TF are bullish. Price has pulled back to the previous resistance turned support. A doji is sitting nicely on the kijun. Confirmation is required from %R.
#AltAreBack, everybody says it since some weeks, but we still didn't experience any massive multi-alt pump that could really justify it. XRP is the third crypto here and has shown interesting dynamics during the last days. A simple ichimoku setting is shown on the chart. What we look for is a settings and an indicators able to highlight the major trading...
The charts attached are my Monday predictions for the week to help my trading for the 1Hr time frame. For full details of my analysis for the week (using Ichimoku theory), click on the link. Hope you all have a great trading week ;)
price has broken from ichimoku cloud and trending up. buying opportunity. invest at your own risk
The current trend is bearish, almost all elements are in a strong downtrend. The price vs. Cloud: It is under the cloud. The price vs. Tenkan Sen: It is at 1.1089 87 pips below the Tenkan Sen The price vs. Kijun Sen: It is 1.1089 to 87 pips below the Kijun Sen. The Tenkan Sen vs. Kijun Sen: They are together and inclined. Indicating a strong bearish trend. The...
Ichimoku indicates we are on the correct side for buying gold. Only blocking thing are these R/S that were observed in autumn 2015. They need to be broken first before issuing a long entry. First TP could be at 1128 which was a significant level of the Senkou Span B a few months ago, next TP is 1137 which was another cloud level. Analysis on Renko side indicates...
This one is mostly ichimoku based, the description is on the chart 1D Looks over extendend.