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.
AUDCAD
On the H4 chart we can see, that price broke through bullish Kumo cloud and the support from the daily chart, then there was a retest of broken levels. Unfortunately, there was no clear sell signal in this area. If there will be another bullish correction, we can think about entering the shorts. To open the position I recommend STO broker, which is regulated both by FCA and CySEC.
EURAUD
Very similar situation to the one on AUDCAD. Price broke below bullish Kumo and the support line. There wasn’t any retest of broken levels, if in their area some signal candle will show up, we can think about entering shorts with the target on another support from daily chart.
