Welcome in today’s Ichimoku Forex Review were we are looking for most interesting trading signals using Japanese chart analysis technique:
AUD/JPY:
Currency pair fell sharply on Friday, after the attack on the resistance. Today again there was a back movement and rebound from the support. Although the price has not come to any of the Ichimoku levels, but it looks quite interesting. Tomorrow Kijun line can come closer to the support zone and next rebound will be a good buy signal.
AUD/USD:
Another pair with the Australian dollar and another correction. This time stopped by Kijun line. The price rebounded from it giving a buy signal. Currently, there is another decrease which allows to open potential long position with really good profit-to-risk ratio.
GBP/AUD:
Here we have a sell signal. However, a correct stop loss for this position would be too high. It is worth to wait for the correction to the cloud and possible next breakout will be better signal.
USD/CAD:
Last Thursday, price rebounded from the support and currently is in an uptrend. It is worth to wait for a cloud test and breakout, which will be a buy signal.
