Markets todaz – when it comes to Ichimoku technique – are quite boring and it is really hard to show something new in terms of potential positions entering. Therefore I will show you a transaction, that has not been opened yesterday due to moving to higher TF. Let’s start our daily Ichimoku Forex Review:
AUD/JPY:
Cross rebounded from the Kumo surroundings and now is breaking over the Kijun line showing a buy signal. However, Chinkou Span is below the price and you should not open long positions now. It is likely that price will go back to the cloud on Friday/Monday and the break in the next week with the Chinkou Span going over the price will give a correct buy signal.
AUD/USD:
Currency pair gave yesterday sell signal ant today buy signal. I pointed to the potential shorts as bad solution because the price – which can be seen on the daily chart – rebounded from Kijun line. Often, refraining from the lossy transaction is as valuable as the profitable one.
USD/CAD:
Finally, currency pair may really give a signal in the nearest future. Price is approaching the Kumo and break from it with simultaneous closing above the Kijun line will let opening long positions.
