Ichimoku Kinko Hyo default setting
TF : H1
We are looking on the structure which showing the intention of NZDJPY to move even lower. The entry for short suggested at the interaction of price at tenkan and kijun. While the red cloud (kumo) is suggesting downtrend by looking at the shape. The target can be at the lowest wick which act as a potential support. Let's ride
Default Ichimoku Kinko Hyo
Stochastic Oscillator (14,3,3)
TF H1
Looking for the price above cloud, candle is playing around Tekan and Kijun
TP is the previous resistance and 2 SL location stated in the chart
Ichimoku Kinko Hyo default setting
Stochastic Oscillator (14,3,3)
TF H1
Have a look on the stochastic which emerge from oversold area, and if we switching to H4 chart, price is just right above Kijun and stochastic is at oversold area as well, leading to suspicion that the pair is looking for a healthy uptrend
TP is at the previous resistance on H1 and SL is a...
Simple strategy with Ichimoku Kinko Hyo (default setting) and Stochastic Oscillator (14,3,3)
Focusing on H1 chart
Going to enter buy with TP at the nearest resistance, while SL located right below of the cloud.
Stochastic direction is upward and above 20 level which already passed the oversold location, the price ready to go up.
