Ichimoku is an investment strategy of trend following, it works great on H4, D1 and higher time frames. In this series of articles I present my setups and observations using Ichimoku, supports and resistances and Price Action patterns. You can also check previous Ichimoku overview.
AUDCHF
Position on AUDCHF was opened the day before yesterday, today it closed on Take Profit. At night the price dropped to the area of entry point, but since then it was steadily rising and around noon reached the target in the area of daily resistance. As a result, account balance grew more than 11%.
AUDJPY
AUDJPY price is above respected resistance from the daily chart. The break was quite strong, currently we can expect bearish correction and retest of mentioned level from above. If in this place there will be any buy signal, I would be happy to enter longs. I recommend STO broker to do that, it executes orders in a flash.
GBPUSD
At night there was a break out of bullish Kumo cloud. Right now, we can see small bearish reaction. Maybe there will be an opportunity to open longs. We just have to be careful about Chikou Span setting, currently there is no way to enter long position, maybe in near future it will change.
