Ichimoku is an investment strategy of trend following, it works great on H4, D1 and higher time frames. In this series of articles I present my setups and observations using Ichimoku, supports and resistances and Price Action patterns. You can also check previous Ichimoku overview.


On the H4 chart we can see that after small break of resistance in the area of 0.9700, price came back and now we can see another wave of decreases. If in the area of resistance, Kumo cloud or Kijun line there will be any sell signal, we can open short position. In this situation I recommend to place Stop Loss order above last high, it will give us few dozen pips of space.


Situation here is really similar to previous pair. Recently there was a break of support from the daily chart, which now works as a resistance. If there will be any bearish signal near this level or close to Kijun line, we can open short position. We have to watch out, another support is just a little lower, in the area of 0.7500.

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