Trends on the market finally appeared and Ichimoku allowed to join them. I wanted to show two signals, which I mentioned before and one new. Let’s start:
AUD/JPY:
Very clear signal was on Wednesday (highlighted in yellow on the diagram). Price broke the growth cloud giving a strong buy signal. What is more a pin bar has formed. Stop loss at this position was quite small, only 20 pips (below the pin bar). Profit is now around 200 pips – which gives profit-to-risk ratio at a excellent 10:1 level. The price is in the resistance zone and it is worth to think about securing the position.
EUR/AUD:
The price broke the Kumo on Wednesday, but due to the small thickness it was not a good signal. Today we saw another breakout and it looks much better. Senkou Span B, which is the lower limit of growth cloud, should be a resistance now and there is a good chance for a drop to the next support level, which is about 200 pips lower.
USD/CHF:
I wrote a lot about this currency pair both in Ichimoku Reviews and in morning Price Action setups. Last Friday saw the lowest closing since 2011, clearly indicating a strong downward trend. Ichimoku signal occured on Wednesday near the cloud break point, and now traders using this strategy should be opening shorts.
