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Ichimokukinkohyo

BTC - RISING WEDGE IN PROGRESS...DAILY (D1) The RISING WEDGE is still in progress. Actually the BTC Is trying to upside breakout the Tenkan-Sen which is the first minimum and significative level above which the BTC should close on a daily basis (20'275). The LAGGING LINE and the RSI are currently confirming this uncertainty and indecision in showing a sideways move. Two breakout of the Rising wedge formation to look at are the following : 19'350 21'450 An upside breakout would invalidate this rising wedge formation in putting the focus towards the cluster of (KS, MA21 and downtrend resistance line (24'980-25'350) A failure to close on a daily basis above 1<9'350 would be the first warning signal of validation of this rising wedge which should be of course confirmed by at least a second closing level below 19'350. Target @ 16'184. (Warning at the BEAR TRAP !) 4 HOURS (H4) The uptrend support line which started at the lowest level reached so far @ 17'592 has been broken which has been followed by a pullback attempt, rejected by the Tenkan-Sen. Actually, in this H4 time frame, the BTC is still supported by the bottom of the cloud and is caught between the TS (20'640) and the KS (19'650). The LAGGING LINE is also between the TS and the KS and the RSI is below 50, @ 48.27. SUPPORTS LEVELS (H4 ) S1 @ 19'650 S2 @ 19'164 S3 @ 18'472 S4 @ 17'592 RESISTANCES LEVELS (H4) R1 @ 20'640 R2 @ 21'380 R3 @ 21'708 R4 @ 23'240 1 HOUR (H1) Same than for H4 where the uptrend support line has been broken and in this H1 time horizon, in making some fine tuning, we can see a first pullback attempt which has been rejected by, on one hand the Tenkan-Sen and on the other hand by the top of the H4 clouds. Currently below the clouds which should now be seen as the first resistance area (20'660-20'870 which is roughly the 50% and 61.8% Fibonacci retracement of the last downside move from 21'708 to 19'744 RESISTANCES LEVELS H1 R1 @ 24'495 R2 @ 20'726 R3 @ 20'957 R4 @ 21'287 SUPPORTS LEVELS H1 S1 @ 20'159 S2 @ 19'965 S3 @ 19'744 S4 @ 19'650 Do you like my analysis, if Yes, please do not forget to : 1) Like it 2) to add Ironman8848 in your following list 3) to talk to your friends about Trading View and Ironman8848 3) to write comments :-) Have a nice day, Kind regards and all the best, take care IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
Ichimoko Cloud Breakout StrategyWe Must Pullback to Komu After Breaking Span B you can trade It. you must wait for signal from lowwer timeframes and if you find any reason for reverse you can trade it to span B and After That if you find Any Reason to back to trend you can enter in direction of trend and so on. but you must pay attention to pullbacks no early enter before you get expert in this method lower timeframes confirmation needed. its suitable to 15 timeframe and up. :D 100 % If practice is not forgotten Any Chart you Want you can use
TVC:GOLD
by Seyed_MEJZ
2
AUDCHF - New Downtrend?AUDCHF has recently broken the descending channel established in March. Additionally, AUD is currently the weakest base currency on my scanner, with 1H, 4H, and 1D weakness. Meanwhile, CHF is trending upwards, with 1H, 4H, and 1D strength. Combined, we have AUDCHF breaking support, AUD becoming weaker, and some healthy Ichimoku signals: On the 4H chart: - Bearish Kumo, angled down - Kijun Sen angled down - Tenkan Sen angled down - Chiko below candles - Recent break of support - Price below Tenkan sen These are all bearish signals. I will look for short trade opportunities on the 5m and 15m chart. Remember, a HTF downtrend doesn't guarantee a good short trade. Wait for a good opportunity to present itself on lower timeframes to increase the chance of success.
Short
by ichimokucorner
1
USDJPY — Fake Breakout? USD weakness adds cautionUSDJPY is attempting to break out to the upside. However, this seems to be driven by JPY weakness, not USD strength. All USD pairs are heading down. This makes it unlikely that USDJPY will successfully break to the upside. I wouldn't short based on this, but I will avoid going long until USD starts to regain some strength. It is unlikely for a healthy trend to start on weakness. Long term, the situation is still bullish according to Ichimoku. I'll wait for USD strength as a confluence before considering going long. Neutral for now.
by ichimokucorner
2
BTC top down analysis using IchimokuI am currently seeing BTCUSDT as bearish according to Ichimoku. My view is that we should only look to take short trades if price breaks below the support level at 17622. You can expect price targets, or other zones of support, around 16300 and 15000. If you would like to view the full analysis, starting at the weekly level, going to the 4H chart, then look below: Weekly: Daily: Using daily again to find possible zones of support/price targets: Intraday analysis and next steps: Even on lower timeframes I would only consider shorts right now. The picture is bearish across multiple timeframes. What do you think?
Short
by ichimokucorner
2
AUDUSD Retracing to Kijun-sen on 4H chart — What to do next#AUDUSD is retracing back towards the Kijun-sen on the 4H chart. The Kijun-sen on 4H is also aligned with the Kumo on the 1H chart. Price could rebound off 0.69595. If it breaks through and closes below this price, the downtrend could continue. #ichimoku #forex #trading 1H chart for comparison: Ideas: If price closes below 0.69595 then look for a short opportunity using the 1H and 30m charts If price rebounds off 0.69595 or reverses shortly, then stay away until a clear trend emerges on higher timeframes (e.g. 4H)
by ichimokucorner
GBPUSD - Short | Follow Ichimoku on 1H and lower GBPUSD has broken below the support established on 13 May. The 4H chart is bearish, but has a thin Kumo which can imply overextension. We need to use lower timeframes to confirm and follow the trend: On the 1H chart we have a nice thick Kumo angled down, Tenkan and Kijun-sen are angled down, and Chikou below the candles. You can also see the support breakout. The market momentum and equilibrium is heading lower. We can also see the currency strength scanner in the corner showing GBP is one of the weakest currencies, while USD is the strongest. Multiple confluences to trade bearish. I will follow on the 1H and 15m/5m charts to look for entry edges to go short. AUDUSD is also following similar price action and is worth monitoring.
Short
by ichimokucorner
AUDUSD - BearishEvery day I run a Rate of Change scan across three timeframes for each of the major currencies. As we head into the new week, the scan is showing that USD is the strongest currency, while AUD is the second weakest (behind JPY and tied with NZD). This is enough for me to take interest in AUDUSD as a possible bearish trade (and USDJPY as a bullish trade). Now that the scan has us interested, when we open up the 1H chart we can see a beautiful downtrend on Ichimoku. The Kumo is thick and angled down, Tenkan-sen and Kijun-sen are angled down, Chikou is below the candles, and price is consolidating near a point of horizontal support. All of this combined tells us that the market equilibrium is heading down with bearish momentum. IF price breaks below the horizontal support, I will look for a short opportunity. If it rebounds, I will stay away until it comes back. It's that simple!
Short
by ichimokucorner
💡Don't miss the great Sell opportunity in XAUUSDHi everyone Gold is currently experiencing a downtrend I wanted to post an educational analysis, so I am sharing this analysis with my dear traders. I think because of the distance that the price candles took from kumo and the gap that happened to Kumo, the price should first correct a value to fill that gap and then continue the downward trend. I hope my analysis was useful 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDShort
by hamidreza_FX
10
S&P500 Index - Multi timeframe analysis with the Ichimoku CloudMulti timeframe analysis of the S&P500 Index using the Ichimoku Kinko Hyo with original 9,26,52,26 settings, i have also added Volume Profiles (VPVR) and (VPFR) onto the charts. 1 DAY CHART: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is upwards at the moment. This will possibly change to sideways or even downwards on the open of the next daily candle. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Point of the Mid-term momentum is sideways at the moment. Note that support at the Base Line (Kijun Sen) has failed on this 1 day timeframe. The Ichinoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment…… is downwards. Note that the Lagging Span (Chikou Span) is still under the price from 26 periods ago and is i the Bearish Zone under the Kumo (Cloud). The Kumo (Cloud) is still red. Note that the Leading Span A (Senkou Span A) has started to move upwards but will swing back down if the price continues to drop. Note that the Leading Span A (Senkou Span A) is still under the Leading Span B (Senkou Span B). Be on the lookout for if/when the Leading Span B (Senkou Span B) starts to move downwards on this 1 day timeframe indicating further strength to the downside. Note that the price is still in the Bearish Zone under the Kumo (Cloud) on this 1 day timeframe. Note that on this 1 day timeframe, the Price is under all of the Ichimoku Cloud indicators so let’s have a look at the 1 week timeframe and see if we have any Ichimoku support levels. Volume Profiles: Note that the Price is still under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Not that the Price is still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 14x daily candles i have selected. 1 WEEK CHART: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is downwards at the moment. Note that the price has found some resistance from the Conversion Line (Tenkan Sen) on this 1 week timframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Point of the Mid-term momentum is sideways at the moment. Note that the Conversion Line (Tenkan Sen) is still under the Base Line (Kijun Sen) indicating strength for short term downwards momentum. The Ichinoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment…… is downwards. Note that the Lagging Span (Chikou Span) is still under the price from 26 periods ago. Note that the Lagging Span (Chikou Span) has dropped below the Leading Span A (Senkou Span A) and is now back in the Equilibrium Zone on this 1 week timeframe. The Kumo (Cloud) is still red on this 1 week timeframe. Note that the Leading Span A (Senkou Span A) has started to move downwards and is still under the Leading Span B (Senkou Span B). Note that the price is still in the Bearish Zone under the Kumo (Cloud) on this 1 week timeframe. Note that on this 1 week timeframe, the Price is under all of the Ichimoku Cloud indicators so let’s have a look at the 2 week timeframe and see if we have any Ichimoku support levels. Volume Profiles: Note that the Price is still under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Not that the Price is still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 11x weekly candles i have selected. 2 WEEK CHART: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Point of the Mid-term momentum is sideways at the moment. Note that the Conversion Line (Tenkan Sen) is still under the Base Line (Kijun Sen) indicating strength for short term downwards momentum. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment…… is downwards. Note that the Lagging Span (Chikou Span) is still under the price from 26 periods ago but is still in the Bullish Zone above the Kumo (Cloud). The Kumo (Cloud) is still green. Note that the Leading Span A (Senko Span A) is still above the Leading Span B (Senkou Span B). Note that the Leading Span A (Senkou Span A) is moving sideways at the moment but the Leading Span B (Senkou Span B) is moving upwards, be on the lookout for if the Leading Span A (Senkou Span A) starts to move closer towards the Leading Span B (Senkou Span B). Be on the lookout if the price drops below and closes below the Leading Span A (Senkou Span A) into the Equilibrium Zone on this 2 week timeframe. Note that the price is still in the Bullish Zone above the Kumo (Cloud) on this 2 week timeframe. Note that on this 2 week timeframe, the Price is under the Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) but still has the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) as potential support levels. Let’s have a look at the 1 month timeframe and see if we have anymore Ichimoku support levels. Volume Profiles: Note that the Price is still under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Not that the Price is still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 6x 2 weekly candles i have selected. 1 MONTH CHART: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-Point of the Short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-Point of the Mid-term momentum is upwards at the moment. Note that the Conversion Line (Tenkan Sen) is still above the Base Line (Kijun Sen) indicating strength for short term sideways momentum as the indicator is moving sideways at the moment. The Ichinoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment…… is downwards. Note that the Lagging Span (Chikou Span) is still above the price from 26 periods ago and is still in the Bullish Zone. The Kumo (Cloud) is still green. Note that the Leading Span A (Senkou Span A) has started to move upwards but may swing back down if the price continues to drop on this 1 month timeframe. Note that the Leading Span A (Senko Span A) is still above the Leading Span B (Senkou Span B). Be on the lookout for if the Leading Span A (Senkou Span A) starts to move closer towards the Leading Span B (Senkou Span B). Note that the price is still in the Bullish Zone above the Kumo (Cloud) on this 1 month timeframe. Note that on this 1 month timeframe, the Price is under the Conversion Line (Tenkan Sen) but still has the Base Line (Kijun Sen) Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) as potential support levels. Volume Profiles: Note that the Price is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Not that the Price is still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 6x monthly candles i have selected. Notes: Please remember that the Conversion Line (Tenkan Sen) & Base Line (Kijun Sen) are not SMAs or EMAs they are X amount high/low period midpoints in whatever timeframe you are in, so they should not be used as SMA or EMAs. Note that there are other aspects to the Ichimoku Cloud which make it a very complete system such as Price Theory, Wave Theory and Time Theory but I won’t go into those on this post. Conversion Line (Tenkan Sen) = Highest High + Highest Low calculation over 9 Periods = Blue Line. Base Line (Kijun Sen) = Highest High + Highest Low calculation over 26 Periods = Red Line. Lagging Span (Chikou Span) = Today’s price displaced back 26 Periods = Green Line. Leading Span A (Senkou Span A) = Tenkan Sen and Kijun Sen calculation value displaced ahead 26 Periods = Cloud Green Line. Leading Span B (Senkou Span B) = Highest High + Highest Low over 52 Periods Value displaced ahead 26 Periods = Cloud Red Line. Bullish Zone = Above the Cloud. Equilibrium Zone = Inside the (Kumo) Cloud can be Green or Red. Bearish Zone = Below the Cloud. This was just a post to show how you can use the Ichimoku Kinko Hyo in multiple timeframes for support, resistance & momentum, so I hope this post has been helpful with your trading and understanding of the Ichimoku Cloud. So in which direction is the S&P500 Index going to go...... i leave up to you to make your own minds up ;-).
SP:SPXEducation
by TradingThroughTheLens
descending triangle US30 Evening traders. As you can see we have which looks like a descending triangle pattern on the hourly chart. We have multiple touches on the resistance line and currently moving downwards back to support. We have also had multiple touches and breaks below the 0.382 fibonacci line. What does this all mean? Well if we can get a close below 0.382 and stay below that level then we could possibly see another drop in the market to 32500 or perhaps even further. If you agree or have another opinion then let me know down below cheers shaun
OANDA:US30USD
by Shealy