Welcome in Ichimoku Forex Review – today a little later than usual. Here we go:

AUD/JPY:

Currency pairs starts to look more and more interesting. Kijun line approaching support and should soon create a strong level. Rebound from it will be a clear buy signal.

EUR/JPY:

On euro to yen we see similar situation – price is also rebounding from the support. Kijun is unfortunately quite far, but the candle that is forming may be a pin bar, which in itself if formed in accordance to the trend, can be a signal on an important level. The downside here may be too large stop loss. If the currency pair will however fall, then you will want to observe the price behavior in the Kijun line area. Trend is clearly upward and it is worth to trade along with him.

GBP/AUD:

Yesterday I wrote about break and sell signal on this currency pair and also about that, it is worth to wait for the correction. It took place, the price rebounded almost perfectly from the Kumo and Tenkan line allow us to open short position with incomparably smaller stop loss than it would have been right after yesterday’s break.

XAU/USD:

Gold break from the cloud, but as in the case of the above pair the position would has to big stop loss. If the price falls again to the Kumo and break, it will be much better signal with better profit to risk potential.

 

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