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Ichimokuforex

GBP/USD Ichimoku Trade IdeasThis pair has tried pushing down on support here and has been failing to break it. We entered back into the cloud last week with a show of USD strength from NFP. Looking at the daily chart, price is holding at tenken sen which is about where the flat part of the cloud is on this 4 hour chart screen shot. There are two possible outcomes for this pair to watch. Bullish: If we hold support at the flat part of the cloud here and bounce up and out of the cloud, along with chikou span rising above price and our cloud staying bullish, I will enter a buy, targeting 1.3509. Bearish: If the cloud is broken and we get a future kumo twist to a bearish cloud, I will look for a sell if we get a bearish kumo breakout. If that happens I'll target kijun sen on the daily which is around 1.3297 as my TP
by The808Trader
USD/JPY Long Ichimoku Trade IdeaOn the daily, price is still running in the cloud, indicating we're not quite sure which way the long term trend will go. That being said, there is still room for price to move to the upside here. I am looking for a buy off of support at the cloud or kijun sen. I'll target just below the previous high, but I may just close half the position there and let the rest run with a stop loss moved to slight profit. If our bullish confirmations change then this trade will be invalidated.
Long
by The808Trader
AUD/USD Short Ichimoku Trade IdeaThis analysis is coming from the daily, but a 4 hour chart can be used to help confirm an entry. I am lookign for a trend continuation trade here since all signs are remaining bearish. I am targeting a level of previous support as drawn out on my chart. We may get some movement to help boost this trend as well with the passing of the new tax bill. If our bearish confirmations end or news pushes us the other way, this trade will be invalidated.
Short
by The808Trader
EUR/JPY Long Ichimoku Trade IdeaThis pair had a clean bullish breakout to end the week last week. You can see on the edge of the screen though that we haven't gotten a bullish kumo twist yet and we've gotten pretty far from tenken sen. I am expecting a drawback to test support (probably to tenken sen) where I will look for a buy if our future kumo twist happens. I will also keep an eye on the bullish confirmations, if they change then I will look to exit the trade if I'm already in it, or wait to enter if I haven't bought in yet.
Long
by The808Trader
GBP/USD Long Ichimoku Trade IdeaThis pair has dropped down to the cloud and held support. I'm now looking for this level of support to act as a possible platform for this pair to move upward. We're sitting at tenkan sen right now an I'm expecting price to fall again to test support this week which is when I'll look for entry. This will allow me to have a tight stop loss as well. I'll exit the trade if any of our bullish confirmations reverse, or if  support is not held at the cloud. 
Long
by The808Trader
GBP/CAD Long Ichimoku Trade IdeaThis pair has been on my watch list for a while since it entered the cloud. It's attempted some small breakouts, but nothing worth an entry yet. All of our signs are bullish but I want to see a breakout of the strong resistance level at 1.6910 to enter a buy. If we get that breakout, I will target the previous high 1.7126  As always I will only 1-3% of my capital. If any of these bullish signs reverse I will exit the trade if I'm in it, or wait to enter if I haven't.
Long
by The808Trader
EUR/USD Ichimoku Long IdeaAs expected we got a nice drop on the Euro over the past two weeks, but it has finally stalled out a little here. Looking at the Daily charts we are still bearish overall but are in the middle of a drawback. On the 4 hour we are looing like we could possibly get a move a little further to the upside with all the bullish confirmations we have. I am continuing to watch and see if price falls to the flat part of the cloud and then we get a bullish kumo breakout. If that happens I will enter a buy, but I will look to get out pretty quickly at the blue line I drew as a TP. If the daily starts showing bullish signs then I will stay in this trade as a buy since that may signal a reversal.
Long
by The808Trader
NZD/USD Long Ichimoku Trade IdeaThe Kiwi has been holding pretting strong here and has now entered the cloud. We have the start of a bullish kumo twist and bullish signs are holding. I would really like to see the kumo twist finish, chikou span to remain above price and get a strong kumo breakout. If this happens then I will look to enter a buy with my TP's set at the two blue lines I drew above current price. If we flip back to a bearish kumo cloud, chikou span falls into price, or we get a bearish TK cross, this trade will be invalidated.
Long
by The808Trader
GBP/CAD Short Ichimoku Trade IdeaSimilar to USD/CAD, this pair is ranging in the cloud right now and sitting at a strong support/resistance level. I am looking for that level to be broken to enter in a sell. We just got a future kumo twist to a bearish cloud. We may see one more attempt to rise before we get a breakout. As long as bearish signs hold I will enter, if they start to get mixed or the kumo twist goes back to bullish it will invalidate the trade, and I will not enter.
Short
by The808Trader
GBP/JPY Short Ichimoku Trade IdeaThis pair is ranging in the cloud right now, and we are starting to see some bearish signs. I am looking to enter a sell if we can break below the kumo cloud, which is acting as a strong s/r level right now. If we can break that level and get a kumo twist to bearish, as well as chikou span holding below price, that will be enough confirmation to get in the sell for me. I've also drawn out some longer term targets to go after if we can get a good bearish break.
Short
by The808Trader