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.
Today we will focus on the pairs connected with euro, let’s start from EURAUD. On the H4 chart we can see, that the price broke out of bullish Kumo and below daily support. This level is not defended too strong, there are breakouts, but despite that it is a great place to look for a short opportunity. For instance, if current bearish candle will end in a form of a pin bar, we can think about opening short position targeting another support.
Situation over here looks similar, price managed to retest broken support in 1.5010 area, which now should work as a resistance. If in this place there will be any sell signal, we can think about going short.
Price after bearish break from bullish Kumo successfully retested this area. Maybe in this place there will be any sell signal, then we can consider going short. To do that I recommend STO broker, which offers spreads on EURUSD from 0,0 pips.