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The808trader

USD/JPY low tide to rising profit - Ichimoku Long SetupThe USD has been on a bit of a rampage lately despite all the trade war concerns, Towards the end of last week we finally saw a slight drop with this pair. We've fallen below tenken sen here so I'm watching for price to drop to kijun and support to be held there. If price holds there, I will look for an entry back to our previous highs. If price fails to drop to kijun, breaks kijun, or our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
EUR/CHF still rolling - Ichimoku long setupThis is a continuation from our last EUR/CHF setup, I am now looking to add some entries for a bullish breakout. It's still a little early since we don't have the kumo twist yet, so it's not too late to start looking for entries. I'm going to be expecting a drop to the flat kumo early this week so it can hold support. If price holds there I will look to get long, with TP's at the two blue lines I drew on the chart. If the kumo twist fails to happen or our bullish signs change, this setup may become invalidated.
Long
by The808Trader
The Final Countdown - Ichimoku EUR/CHF Trade IdeaWe're at an important level here where we've already been rejected twice in the past couple weeks. If we can finally breakout above the 1.1650 level then we could be headed up long term. I am looking for a tenken sen bounce to try and get in a bullish trend continuation. All signs remain bullish for now but I'll continue to watch our confirmations in case we get rejected at this important level a third time. If we fail to break above the 1.1650 level, or our bullish confirmations change to bearish, this trade setups may become invalidated.
Long
by The808Trader
The Silver Bullet - Ichimoku XAG/USD Trade SetupThis setups is similar to Gold, but Silver hasn't quite developed as far yet. I am still waiting for a completed kumo twist and chikou span to raise a little higher to confirm we will indeed stay bullish. So far we have seen price continue to bounce off kijun sen as support which is promising of an eventual bullish breakout. If we can get those bullish confirmations and we get the kumo breakout we're looking for I'll enter a long position. Similar to gold I'm targeting a longer flat kumo target. With the bottom of the kumo just below kijun, it once again gives a good area to set a tight stop loss with good risk to reward. If our bullish confirmation fail to materialize or we fail to achieve a bullish breakout of the kumo, this setup may become invalidated.
TVC:SILVERLong
by The808Trader
A Golden Idea - Ichimoku XAU/USD Trade IdeaGold has been on the watchlist ever since it's bullish TK cross and rise up from support. We are in the middle of a kumo twist, and signs are looking pretty bullish. I am looking for a kumo breakout to enter a long posistiion. I am targeting one of the large flat areas on the previous kumo as my TP, so this trade may take awhile.  With the bottom of the kumo reasonably close and lining up just below kijun, it gives us a nice tight stop loss we can take advantage of. If we fail to break out of the kumo or our bullish confirmations change to bearish, this setup may become invalidated.
TVC:GOLDLong
by The808Trader
Don't Swiss out on this one - Ichimoku USD/CHF Trade IdeaPrice has made two moves to the upside now and has been rejected. With the current movement I am expecting price to try and continue to push lower. If we get the drop we're looking for, it will also be confirmed with a bearish kumo twist that has been trying to complete for the past few trading days. As soon as we break below our previous low, I'll be looking to enter a sell, with a long term target of our previous low. If we fail to break our recent low, or our bearish signs change to bullish, this setup may become invalidated.
Short
by The808Trader
EUR going to profit with this one - Ichimoku EUR/USD SetupPrice fell and and found support in the cloud, it's now looking to get a kumo breakout along with a TK cross. I'll be looking to enter a long on a confirmed move up and I've marked out several areas we can take profit at. We may get more opportunities to add to the position if those blue lines I drew also end up acting as support. If we fail to breakout and hold above the cloud, or our bullish confirmations change, this setups may become invalidated.
Long
by The808Trader
EUR gonna want to see this! Ichimoku EUR/USD Trade Idea!While this pair is bearish on the daily, a bullish breakout here could confirm we are in for a drawback on the daily chart. I've drawn out a few TP levels to be targeted. I am waiting to enter until we get a bullish kumo breakout and the kumo twist completes to a bullish cloud. Chikou span is just starting to break through price so I'd like to see it rise a little and get clear of it as well. If we fail to break through the cloud, we go back to a bearish TK cross, or the kumo twist does not complete, it may invalidate this setup.
Long
by The808Trader
Swiss Miss? Ichimoku USD/CHF Trade IdeaThis is a continuing entry from the setup a couple weeks ago. We had been tracking a sell on this pair from the daily for a while and I am still looking to add to my sell as price keeps falling. I am looking for either an entry at a kijun rejection or a break of the blue line I drew for a secondary entry point. I am still targeting the same TP level from our original entry that is now up around 90 pips. If we start getting bullish confirmations, it may signal its time to get out of our sell position.
Short
by The808Trader
Sushi Down Under? Ichimoku AUD/JPY Trade IdeaThis pair has been stuck in a range on the daily chart and I am looking to capture some pips on the way back to the top of that range. I am looking for a bullish kumo twist to complete, a bullish kumo breakout, and chikou span to get above and free of price to enter a buy. I am targeting a previous candle body close at the top of that zone as my larger TP, but i've drawn out a couple more that I will close partial if it rises. If we fail to get these bullish confirmations, this setup may become invalidated.
Long
by The808Trader
Aussie Oi Oi Oi! - Ichimoku Long AUD/USD Trade IdeaWe rode this one down for some nice profit last week, and now signs have reversed. We've broken up into the cloud then out. I am looking to take advantage of this temporary USD weakness to get in a long position. I am looking for a drop to support then up and back out again with our TP at a strong level of support/resistance. If support fails to hold or our bullish confirmations change to bearish, this setup may become invalidated.
Long
by The808Trader
Swiss Cheese and Profit? Ichimoku USD/CHF Trade IdeaThe Swiss Dollars has been on a text book bullish breakout and run over the past few weeks. We've finally started to fall down and test Tenken Sen. If we break below Tenken Sen the I will be looking to sell on the drawback to Kijun. We can also confirm this early by watching the 1 hour and 4 hour charts for a bearish breakout since I know it can can mess with your psychology to counter trend trade on a larger chart. If we fail to have a bearish breakout on the smaller time frame charts or we fail to break below Tenken Sen on the daily, this setup may become invalidated.
Short
by The808Trader
EUR/USD Death Spiral to Continue? Ichimoku - Short Trade SetupThe US dollar continued its rampage last week as this pair slid even lower. I am looking for this trend to continue over the following weeks, but I want to see support broken to get short. We've bounced twice at this level so I really want to see it clearly broken to enter my short. I've drawn out some possible take profit levels I'll be aiming for if I do enter. This trade setup may become invalidated if our bearish confirmation end. This trade idea may seem a little risky to most but I carry a different philosophy than a lot of the traders out there. Many trader at this point would be looking for this pair to reverse, where as I am looking for it to continue. Statistically when a trend is confirmed and in motion (a longer term trend anyway), it is more likely to continue than to end. Therefore I continue to look for entries until there's a confirmed reversal. You'll see this sentiment carried out across the vast majority of trades. 
Short
by The808Trader
Battle of Island Nations - Ichimoku AUD/NZD Trade IdeaThis pair has been on a nice bullish breakout over the past week and a half. I am looking for a wick to test support at kijun for another bullish entry. As well as price has been respecting kijun, I'll be placing a stop just below it which should give a great risk to reward on this trade. I am targeting our previous high of 1.0727 as my take profit. As with the previous trades I will close partial there and let the rest run, adjusting my stop loss periodically. If our bullish confirmations change to bearish or support doesn't hold at kijun sen, this setup may become invalidated.
Long
by The808Trader
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