GS shortThe daily candle for today rejected at a previous resistance. We also see the lagging span reject the same area as last time.
The previous two times when the price closed under the $219.25 price level, it continued downwards.
I am planning to short until $215.72-ish, which is where I will be watchful waiting since I expect a bit of resistance there. It is still possible for GS to continue its upward trend, which I will be watching for carefully.
Ichimokuchart
GBP/JPY Breakdown? - Ichimoku Short trade SetupThis pair remains in a tight consolidation range and I am watching for some possible downside movement this week.
I want to see price close beyond my entry to help confirm it is indeed time to sell.
I've drawn out a few targets on the way to my overall price structure target.
If we fail to get this bearish breakdown, or if our signs allign bullish, then I will shift my bias and look to enter a long on a breakout of the zone we've been stuck in.
$AMTD longAMTD intially dropped due to news of them getting rid of commissions and it looks like it's starting to head back up there.
-The stock is currently in an uptrend and I think it will move something like this
-We see the first resistance level around $36.15 back in Apri/May 2017 and the lagging span bounced off of it
-The next resistance is around $40.26 and I'll come back and update when it gets there
MTL breaks downtrend Interesting move the MTL/BTC.
It seems like it breaks out the bear move right now.
I predict a up move at least to the ichimoku cloud (lead1) and if he will break it, then we can see an up move to the upper resistence of the ichimoku cloud (lead2).
be aware that it is a tricky position to take right now because it just started with breaking the down trend.. It can also be a bullish trap!
XRP/BTC on the way to a new Higher High ?XRP entered into the ichimoku cloud and is on his way to the upper trend line.
If this happens it will create a new higher high what gives more bullish movement to XRP.
Easy to take a position over here and stop loss below the bottom of the ichimoku cloud!
Stop loss at 2900
Take profit at 4000
profit change - 35%
VIBE/BTC -> Awesome setupAwesome setup over here.
VIBE is heading into the cloud with a TK Cross.
EMA 8 and 21 are also crossing.
We see some volume increasing , but not very much.
RSI is heading to the 70%, this means we can see some more grow right now, otherwise we will see some correction in the RSI but if VIBE is staying in the ichimoku cloud then we can suspect a bullish divergence..
Entry : 220
Stop loss : 210
Take profit on the targets that are defined in the chart!
RL 10% shortRL has been rejecting near the bottom of the cloud for the past couple of days, and it just broke past the moving averages. We see it breaking through the top purple line, which has been acting as a support/resistance level dating back since 2010. I think it will move down to ~$84.90 which is where we have been seeing resistance/support action since 2/10/16, and we can also see the sharp chikou on 7/10/19.
ALSI - Resitance hit at the top of the 4HR Kumo cloudJSE:J203
Price bouced of 4HR Kumo cloud resistance level
Ichimoku values and theories - connecting with othersIf you are someone who has worked with Half values and theories of Ichimoku, you'll understand the constant study which goes into perfecting the art, especially if you don't speak the native language of Japanese (birthplace of Ichimoku)
This will seem odd to the western traditional traders approach to Ichimoku but wanted others to see how the practice is a deep rabbit hole one needs commitment to understand.
Any questions or feedback is welcome.
Looking for others who have some traditional back-ground into Ichimoku trading to share different perspectives on the art.
Pound Still Taking A Pounding? - Ichimoku GBP/USD Short TradeThe Pound has fallen drastically with all of the Brexit drama unfolding. As May steps down as Prime Minister there will likely be more uncertainty ahead as a deal or referendum waits to be hashed out. I am looking for a rejection here at kijun sen for another chance to sell as we look to take advantage of this goliath bearish trend. If we find that good rejection candle I'll enter a sell and I've drawn out a few targets I'll be aiming for to take partial profit at along the way. However, if we fail to get rejected at kijun or our bearish signs start to change, this setup may become invalidated.