Further Bullish Momentum? - EUR/CHF Ichimoku Long TradeThis pair got a big bullish push over the past couple weeks and I'm looking for that trend to continue.
All our confirmations are looking pretty strong right now, I just would like to see a small dip to get a good entry.
I'm going to play this one with a pretty tight stop loss since we've been respecting tenkan sen so well.
My overall target is previous major price structure highs but I've drawn out several partial take profit levels to aim for as it rises.
If we fail to hold our bullish trend or if our confirmations change, this setup may become invalidated.
Ichimokuchart
Bitcoin - Market decision time / Daily Candle Close Breakout? Hi TradingView Community,
I haven't needed to update from my last post until now, as our failed breakout attempts have continued as we projected bearish future and not a strong signal for the breakout to continue upside momentum (cloud 26 periods in front of price). Please refer to my previous posts.
What can we see now / What are our signals?
Long Wicks are evident as we tried to breakout of the cloud, however the moves up were rejected by the market and price fell and consolidated in the cloud. We are into the 9th day of general consolidation, you could draw a box around the range we have traded over the last week/few days between $9600 - 8950 BTCUSD.
Now for the first time we may actually have a candle close outside of the cloud and this time if we have all rules met for a breakout trade giving us a higher probability for a move to the upside.
Rules of Cloud Breakout - Ichimoku :
1. Price Break above cloud and above Kijun (Brown line) (YES) & Close Above (About to CLOSE ON DAILY CHART)
2. Bullish Green Future (26 Periods in front of current candle, is it a green bullish future - YES)
3. TK Cross - YES Stronger Bullish Signal (Blue line crossed Brown)
4. CK Span - YES Above price (Purple Line above price at that period)
This candle close is crucial as confirmation of our rules and as an indicator of momentum.
Always consider your stops and risk management with every trade setup.
Mattchimoku
*Not in any way trading advice, consider my personal perspective/opinion only*
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.
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.