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Kumo

XLM Cup & Handle (Stellar)Let the handle form before acting upon it, that channel placed is not set but more as a guide as I watch the handle form. The proper way I trade this is as follows: Buy the breakout & candle close of the handles upper trend line after it has formed, this is still forming as of this writing. Considering the bottom of the cup is an unreasonable stop loss, I am placing mine on the bottom of the handle's channel once it has broken out of it convincingly. Take profit should be around 10% above the breakout point in this trade. To find the TP point on a cup and handle, you would measure the cup's bottom up to the top right cup end. Watch for a severe volume spike on the breakout of the handle to confirm timing. This can be done with any number of volume indicators including the O.B.V. and the C.M.F.. As a note, the Ichimoku kumo will act as a very good guide for the handle reversal. I will be posting a link on my twitter that you may click to view this chart live and in action. Follow there. :) Thank you for reading and please be sure to click like on this analysis. Thank You! This is not financial advice, this is simply my personal analysis of the current conditions.
Long
by Nick_Core
9
USD/CAD - Technical AnalysisAnalysing with Ichimoku clouds has given me the impression bearish sentiment is going to continue on this pair. Strong sell signal from a bearish kumo twist and kumo breakout, labelled in the chart. A TK death cross has also appeared following the kumo break out. Recent low is at 1.28863. My fibonnaci level show price has violate the 50.0 mark and will continue to descend until 61.8. Alligator indicator also show bearish sentiment If Price violates 4H candle low, expect downtrend to strengthen and bearish kumo clouds to expand
Short
by forexwithfred
1
Technical + Fundamental on USDCHFUsing the Ichimoku clouds TK Death Cross Strategy, I can see an incoming strong sell signal, This is due to the Tenkan-sen crossing the Kijun-sen from above to below. To solidify my signal on the TK Death Cross the current Chikou span is below the price of 26 periods ago and price is below the Kumo cloud, although it is currently thin, I expect it to expand in the future. Price has also made a retracement from resistance back to the support level of 0.97956 and is looking to continue a downtrend after a prolonged consolidation. Fundamentally, tomorrow awaits the United States' results on CB Consumer Confidence, this measures the consumer confidence in it's economic activities. Analysts forecast a result of 126.8. A higher than expected result may influence price to violate Ichimoku's analysis, although a lower than expected result will compliment my Ichimoku cloud analysis.
Short
by forexwithfred