Ransquawk

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.

GBPCAD

Interesting situation is going on with this pair. Current candle entered strongly the bullish Kumo cloud, but currently is below it and is starting to take the form of pin bar. In addition in this place Kijun-sen is located. If the candle will close below the cloud, we can open short position with the target on the support in 1.6760 area. It can have really great RR ratio. To open this position I recommend STO broker, which instantly executes orders.

Source: https://www.tradingview.com/symbols/GBPCAD

GBPUSD

Similar situation like on the previous pair. Price after recent break from he bullish Kumo cloud is back in its range again, just to go lower and create bearish pin bar. Current H4 candle is not closed yet, so there is no way to open the position yet.

Source: https://www.tradingview.com/symbols/GBPUSD

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