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Ichimokuchart

Looking to short GOLD according to Elliot waveSince october 2018, OANDA:XAUUSD have been moving upward, now testing $1300 level. In a weekly analysis point of view, we can smell a reversal signal (maybe short). This week just closed with an inverted hammer candlestick wich indicate more selling pressure. On the weekly time frame, I'm looking for an Elliot wave 3rd impulse. I have combine Elliot waves theories and Ichimoku indicator for analysis. We can see 2 waves have already been formed. The price rejection (inverted hammer) at the Senkou span B level also votes for a bearish signal. The 3rd impulse (red line) is forecast if the Elliot waves theory is validated. Meanwhile, we might get a light pullback before going long (green line). We will have a clearer mind next week at the close of the next candle to this inverted hammer.
OANDA:XAUUSDShort
by nkanven
Potential Short Trade On GBPCHF Hourly ChartWe Can notice Here some useful info, which can help us Make the Right Decision Here's What We See:- -In the last Move ,Price Broke Kumo Cloud ,Then Retest it & reverse making LH & LL. -Tenken & Kijunsen Now Out Of Th Kumo Cloud and Move Donwside Acting as a Dynamic Resistance to Price -Chikouspan Also Broke Price & Kumo Cloud, it has a strong resistance which is "Price" itself -We also can't forget our Future kumo bearish Overview to gave as an extra confirmation -price Re-test the last Broken Support Structure,With Kijunsen Which is acting as a Resistance Level -If Price Close below The Broken Structure and Tenkensen , We may have a trigger to Our New Short position -Be Sure To Be ready -Thanks a lot
Short
by Sixty60
Potential Short Trade on GBPCHF Hourly ChartWe Can notice Here some useful info, which can help us Make the Right Decision Here's What We See:- -In the last Move ,Price Broke Kumo Cloud ,Then Retest it & reverse making LH & LL. -Tenken & Kijunsen Now Out Of Th Kumo Cloud and Move Downside Acting as a Dynamic Resistance to Price -Chikouspan Also Broke Price & Kumo Cloud, it has a strong resistance which is "Price" itself -We also can't forget our Future kumo bearish Overview to gave as an extra confirmation -price Re-test the last Broken Support Structure,With Kijunsen Which is acting as a Resistance Level -If Price Close below The Broken Structure and Tenkensen , We may have a trigger to Our New Short position -Be Sure To Be ready -Thanks a lot
Short
by Sixty60
Potential Buying Opportunity On EurJpy on Hourly ChartWe Can notice Here some useful info, which can help us to make a nice Long Trade Here's What We See:- -In the last Move ,Price Slightly Close below kijun sen, but Moved Higher Quickly and Closed above it -Tenken & Kijun sen Support Price Nicely to move upward -Chikouspan Test Tenken-sen and bounce from it -Chikouspan Also Have a Nice Strong Support, which is "Price" Itself -Kumo Cloud is Bullish and Supported Price nicely to Continue to Move upward -After Price Close above tenken-sen , We Can make a Decisioned to get Long with a nice RR -Be Sure To Be ready -Thanks alot
Long
by Sixty60
GBP/USD - Ichimoku Short Trade SetupI'm moving to the daily chart for this analysis, so this will be a swing trade instead of our typical short term trade. We rose up at the end of last week and met the kumo cloud and kijun sen acting as resistance. If this resistance holds we can look for a sell. I am setting a sell entry below our current candle, but as an alternative I may take a sell at the kumo cloud if we have a good rejection candle. I'm setting a TP level at our previous structure low. If we fail to get a good rejection candle or break lower, this setup may become invalidated.
Short
by The808Trader
2