We begin today’s Ichimoku Forex Review with slightly delay – it’s Valentine’s Day, beginning of the weekend also, and probably most of us will no longer take any binding trading decisions leaving potential positions for the next week:
EUR/AUD:
Currency pair gave nice sell signal, but a reflection from Kijun line (which acts as a support) leads as to think twice before opening position. Best to wait for next week, next breakthrough from Kumo and close below the Kijun. It will be a much better signal.
GBP/CHF:
Yesterday, pair gave a buy signal twice. The first one ended with a stop loss, while the second was an great occasion to earn some. The key factor here will be price movement near to the resistance. Breaking it gives potential for further growth – about 150 pips.
NZD/JPY:
Buy signal occurred also on NZD/JPY. The first one was seen on February 10 and is still in force – there was no signal to exit the position. Price still cannot break above the clod on D1 chart which should result in strong upward move.
You can learn more about Ichimoku from one of Marcin Wenus webinars: https://www.youtube.com/watch?v=QOLgKH15LGw. Enjoy and have a great Valentine’s Day/weekend 🙂
