Finally, something starts to happen in the markets and it is worth to observe the situation in order to take advantage of it. As for yesterday signals, USD/CADS would be still open, while the AUD/USD would close on SL. However, the position was worth taking the risk due to the large profit-to-risk ratio (10:1). Unfortunately, tomorrow’s Forex Ichimoku Review will not be published. Let’s start with the today’s one:
Correction reached the lower Kumo limit, the Kijun line is also in close proximity. If the current candle (or the next break from the cloud) will be increasing, you can open long positions with SL below the minimum (and preferably below the Kijun).
Yesterday’s signal is really good so far. It is worth to consider reducing the stop loss below the today’s minimum.
Firstly the daily chart, which clearly shows and upward trend. We also see its beautiful confirmation by the correction of the exact upper cloud limit.
It is worth to wait for the correction to the Kijun line and seek an entry into a long position, because as you can see on the D1 the trend for gold is growing very nicely.