Welcome in today’s Forex Ichimoku Review – we wrtie about the most interesting trading signals prepared by the Ichimoku technique. For today we have to currency pairs (H4 and D1 charts):
AUD/USD H4:
Aussie gave a buy signal on the previous candle. Chinkou Span is above the price, Tenkan clearly pointing upwards and the Kumo is gaining strength. You can consider buying with the SL below today’s minimum.
AUD/USD D1:
The situation on the daily chart is rather neutral and in accordance with the Ichimoku technique principles, after breaking Senkou Span A, price should reach the next Ichimoku’s line – Senkou Span B. Therefore, the goal of a long position would be the upper limit of the downward cloud, approximately 200 pips from the current price. With 20 pips SL, it gives a very good profit-to-risk ratio.
USD/CAD H4:
Candle closing at 19:00 can give a good buy signal. Price rebounded from Kijun line, all other lines are arranged upward and the Kumo has also changed its color. Even access to the last top should give 2,5/3:1 profit-to-risk ratio. Of course the trend reactivation and larger increases are highly possible.
USD/CAD D1:
The daily chart shows the price rebound from Kijun and Tenkan lines, which in itself can give a buy signal. This further increases the potential value of long position @H4. On D1 there is no doubt that the trend is really strong.
