Kijun Bounce: Long CADJPY (H1)Daily chart: Bullish
H4 Chart: Bullish
H1 Chart:
1) Price > Kumo and Kijun
2) Doji candle formed just above Kijun (I would prefer a doji with long wicks, though)
3) Buy stop order a few pips above the high of the doji
4) Stop loss a few pips below the low of the doji or nearest fractal
5) Take profit at the recent swing high or when candle closes below the Kijun
Ichimoku Cloud
Kumo Breakout: Long AUDCHF (Daily)Bullish Kumo Breakout:
1) Price closed above kumo.
2) Price > Kijun
3) Bullish kumo twist
4) Chikou span > price
Entry: Buy at the close of the breakout candle.
Stop loss: Below the Kijun
Take profit: Candle closes below Kijun.
PS: Kumo Breakout took place 4 days ago. However I was waiting for the bullish Tenkan-Kijun cross to happen, as an additional confirmation. Nevertheless, I am expecting price to range for a few more days before it takes off. This is because Chikou span is still moving within the candles. If Chikou span is able to break out of the kumo, then bullish momentum is confirmed.
Gold creating leading diagonal to finish Wave A CorrectiveGold creating leading diagonal to finish Wave A Corrective
EURCAD downtrend by Ichimoku and channelComment:
EURCAD H4 shows downtrend by below Ichimoku confirmations.
Ichimoku Trend Analysis
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
We can follow downtrend as long as market is below Tenkan sen and within the channel.
EURUSD Downtrend by IchimokuComment:
EURUSD Daily timeframe shows downtrending as per below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) are down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
The market has been stably downtrending. The initial target to be at 1.14946.
NQ1E-mini-Futures - D1 - TRIANGLE !Looking at the daily picture, after having broke down the clouds, the Nasdaq 100 fut is triggering, a triangle formation in progress in a new broad bear trend !
Indeed, recent and current price action should be seen as a natural pullback towards the former support area which became now the new resistance to break
in order to neutralise, temporary, the ongoing downside price action triggered a couple days ago by a successive of long black candles !
So what are the implications of a triangle breakout : a +/- move of 545 points, targeting respectively :
ON THE UPSIDE : 15'315 (roughly the top of the clouds resistance area)
ON THE DOWNSIDE : 13'896 (former weekly double top pattern seen in last February-April
Interesting to note the 38.2% Fib ret (@ 14'761), of the downside move from 15399 to 14'367, also coincides to the triangle breakout level on the upside !
Last but not least, the Lagging span also failed to recover above this important level...
CONCLUSION :
Looking at the current price action, the odds are likely for further downside towards the triangle base.
As always, monitor closely, shorter intraday time frames to get more clues which will help you to act accordingly.
Have a nice day :-)
Ironman8848
EURCAD bearish in Daily timeframeComment:
EURCAD Daily timeframe shows downtrend by Ichimoku confirmation.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market could retrace soon as Kumo is very thin and market is at the previous support level. Better wait for the breakout to look for a selling edge.
Don't Sleep on Litecoin $LTCWell, the feelings on LTC were correct and this is going to be a coin I'll watch for impulse moves and am having a play in, up 9% since my original share.
That POC (point of control / red line) hasn't been tapped yet and that 38 & 50 fib level are looking like the likely next level if BTC continues to play.
Pending a BTC pullback before the weekly close, $158-$160 is where I'll be looking at some spot buys to tuck away for a bit.
BTC with ichimoku 19 min long setupIf this scenario plays out, BTC will have pump towards 49k.
the candle can be closed inside the cloud.
Base and Conversion has to stay separate, they can come close as one pixel on your screen, still would be valid.
When Base Line enters the cloud it meet resistance, which will push it out.
We have two directions up and down, 1h-2h ichimoku currently are bullish.
Scenario 1. Down: ichi has to twist cloud on lower frames first and confirm bearish on 15 min, which is standard and it can be used as counter trade for default setup. Using 19 min as a test rn.
Scenario 2, Uptrend continue to the next BTC resistance, making my assumption valid.
Looking for the move around 18:00-20:00 EST
G999 Ichimoku local positionG999 based on Ichimoku allows to enter a position, which is supported by EWO wave and MACD convergence point ahead.
Setup for that position below:
Buy price: 0.00627599 - 0.00639224
Target level: 0.00678459
Stop loss: 0.00610161
CHFJPY H4 is uptrend by Ichimoku but could reverse at any timeComment:
CHFJPY H4 timeframe is uptrending now but may reverse based on below confirmations.
Ichimoku Analysis:
- Kumo is bullish but very tiny
- Kijun sen up but still in the Kumo
Also market is close to the descending trendline.
Next Scenario:
Wait for a breakout of the trendline and look for a buying edge, otherwise may reverse backwards to Tenkan sen at any time.
30 m golden cross on BTCUSDSo with this candle just opening, looks like the market watching is agreeing that this golden cross should happen on the 30m timeframe.. would be nice sign for the bulls if this does cross nicely like it's looking to!
especially to see her close above the 44248 would be bullish as thats the level of the daily ichimoku TENKAN.. That might spell some bullishness into the daily close, something that would be much needed for the bigger timeframes.
CHFJPY near Daily support levelComment:
CHFJPY Daily timeframe shows a continuous downtrend while close to the previous support level.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market could bounce at 117.48 support level as Kumo is a bit too thin. Watch out for a retracement. Afterwards market could bounce by Tenkan sen and continue to be bearish.
Long USDCAD _ Money MangmentI love trading here is like a diary to record my life.
Financial markets are as high and low as our lives.
You can use my knowledge, but never trade my data alone.
In this category of videos, I only provide technical analysis, so not all factors are taken into account.
Technical + Basic + Board Reading + Market Psychology + Share Psychology
Patience or Maintenance or Buy or Sell
Short or Long position _ Money MangmentI love trading here is like a diary to record my life.
Financial markets are as high and low as our lives.
You can use my knowledge, but never trade my data alone.
In this category of videos, I only provide technical analysis , so not all factors are taken into account.
Technical + Fandamental + Board Reading + Market Psychology + Share Psychology
Patience or Maintenance or Buy or Sell
Short or Long position _ Money MangmentI love trading here is like a diary to record my life.
Financial markets are as high and low as our lives.
You can use my knowledge, but never trade my data alone.
In this category of videos, I only provide technical analysis, so not all factors are taken into account.
Technical + Fandamental + Board Reading + Market Psychology + Share Psychology
Patience or Maintenance or Buy or Sell
Bullish BTC forming Bull-flagBTC is bullish in H4 according to Ichimoku confirmation:
Ichimoku:
Price is above Tenkan Sen, Kijun sen, meaning bullish in short and midterm.
Price is below Senkou Span B, meaning bearish in longterm
Chico Span is above the candles, meaning bullish momentum
As for direction: Flat Kumo and Kijun Sen. No direction in mid and long term.
Pattern:
There is a Bullflag forming. After a uptrend price is consolidating in a horizontal range (flag). Measurements give a upside target: 51772 and downside: 44150
Wave Analysis:
After hitting the bottom. Price formed a higher low. If price breaks the range to the upside, then a bullish N-wave is formed and we can expect continuation to the upside.
USDCHF potential resistance breakoutComment:
USDCHF shows a potential breakout of Daily resistance at 0.92748 level based on below Ichimoku confirmations.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko span above candles
Next Scenario:
Market is at the resistance of 0.92748 with uptrend by Ichimoku. Once it breaks, market goes up to the next round number of 0.93 level.
Otherwise, pull back to 0.92423 as well as near Tenkan sen, then continue to go up.