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.
On the H4 chart we can see, that the price is sticking close to the bearish Kumo cloud. If in this area there will be any sell signal, we can open short position. So far, we need to watch further development of the situation.
Another pair with the pound, this time there is a possibility to open long position. Before the weekend there was a break of the daily resistance, which should now become a support. Currently we witness a retest of mentioned level. If in this place there will be any buy signal, we can open long position. Support is additionally supported by Kijun line, which is just below it.
After yesterday’s stronger decrease the price is below daily support. Right now, we can see retest of this level from below. It looks like a great opportunity to open shorts, I wall watch further development of the situation. To open this position, I recommend STO broker, which offers great trading conditions.