Let’s start the review of the today’s most interesting currency pairs using Ichimoku trading technique. Few potential trade signals occurred:
EUR/CAD:
Price overtakes the Kumo and gives a buy signal. But the really narrow Cloud can be worrying. It is worth to wait for a correction to the cloud and another overtaking , confirmed by upward candlestick pattern on H4 or H1. This will also give a chance to choose a small SL.
GBP/AUD:
Price consolidates and may soon breakthrough the Kumo giving buy signal. With that consolidation, the position will have a good profit to risk ratio, because it can be secured under the present minimum.
GBP/CHF:
Breakthrough from the Kumo already occurred. Stop loss may be below the minimum of the las candle. It must be remembered that the signal is weak, due to the decreasing cloud.
NZD/JPY:
The first signals of NZD/JPY strength were seen in the morning. The price came to the support and very close to the cloud upper limit rebounding from Kijun. Price on the daily chart is in the cloud which means that the signal is not the strongest but long-term trend is upward which speaks for this position.
