We were not publishing Ichiomoku outlooks for some time, but now we are back! And we are not going anywhere. Kids are back in school and investors are back in trades, so we can count on more volatility and action!
Do not want to bore you, so get prepared for your daily Ichimoku dose! Did you missed it? 🙂
AUD/JPY
Cross in the center of ongoing upward trend and defeated important resistance. The last sessions however, brought downward correction. Price approaches cloud upper limit and Tenkan line which should act as a support. Also on the D1 it looks quite good – rate touched Kijun line (the blue one). If rebounds activates it will forecast increases activation. Such position is undoubtedly worth considering.
EUR/CAD
Euro to Canadian dollar also bring as upward correction. Price approached Kijun line and we can see impressive reaction. If today’s session ends lower, we will be able to open short positions with SL above Monday’s maximum. Looking on H4, there is a pin bar candle – more aggressive traders might already used it to go short. Sell limit order on the 50% retracement with 12-pips SL would give 20-pips profit now. Final target of current decreases is around 280 below. Such position has almost 25:1 RR!
GBP/CHF
Signal occurred during Friday session (breaking below the lower Kumo limit). Weekly chart shows us upward trend. So it is not a strong signal – however careful trade with TP four times higher than SL (it should be placed on the Friday’s maximum), may be a good idea.
