EUR-USD - Time Cycle - Taito Suchi I did a flow-up on bullish scenario of EUR/USD on daily. There is a time cycle. It seems there is always 7 bars from high to the next high (Taito Suchi). The next high could be on the fourth of may. I also applied price theorie according to V, N and E calculations. In bullish scenario price could hit V, N OR E. Be aware that im still learning to master time and price theorie. So i could be wrong. Please correct or advise me.
Ichimokers
EUR-USD (Daily - Sanjaku Kouten)To gain experience with Forex. I thought it would be nice to do an analysis on EUR-USD. A pair i want to trade in the future.
I spotted Sanjaku Kouten according to Ichimoku confirmations:
1. Tenken San - Kijun Sen cross
2. Chiko Span candle breakout
3. Kumo breakout
Sanjaku Kouten is a powerfull bullish signal. One thing for concern is that Kumo has not twisted jet. In this condition Kumo breakout could be fake. So to be safe, wait for Kumo twist. Only then look for buy chance.
Please advise me if you have a comment. I would like to learn :)
SUSHI 4hr Kihon Suchi potential movementThere's a lot of patterns on this one. Potential reversal point tomorrow around the $19 mark. That particular area is the reversal point for the 200, 42, 26, and 17 periods. Each particular reversal on this seems to be somewhere around 15-25% each move whether up or down. I would expect the reversal to do the same and head toward the cloud at 18-20% or the $15.6 area. Normally I would add in a 9 period reversal area but I only see a couple reversals on that time frame here so I think if it reverses it will be slightly longer than the 9 period movement.
If it pushes above the $19 area and closes above I would expect another 9 or 17 period movement before another reversal to potentially a new high over the previous one.
As always, comments and ideas are welcome!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
ichimoku cloud- Part 1 just talking about iichimoku base
skip from how this japanese indicator will calculate and focusing on how we can use this powerful indicator
sorry
1- let to consider base line
(BL) and convention line(CL) are EMA, BL is fast and CL is slow. so all the rules of EMA's are applicable for these lines also.
2- lagging line (LL) is a line chart just 26 candle back. i mean if you see the chart in line chart mode it will plot a line for you, now shift it for 26 candle back so you have LL. lagging
3- the color of the cloud is not important just take long above the cloude and take below the cloud.
4- just whach when the price is inside the cloud.
the first simple strategy is here, now let to backtest.....
ICHIMOKU P-WAVEThank you for taking the time to look into this analysis as it's very detrimental to the direction that XRP will be heading the next few days to weeks. Going based off my last analysis on the P-WAVE we are still in route to 24-25cent range which is at the 0.927 and 1 level off the extensions. I see price having a difficult time at those prices because they have been very difficult levels in the past. However a break at those levels will take us the to the 1.221 and 1.611 extension level. Back to the weekly resistance level.