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.

AUDCHF

Price still respects bearish Kijun-sen. I still wait for a clear sell signal near this line. If it will show up, we can enter shorts. Of course we have to watch Chikou Span position, we can open short only if it will be below price. I will open this position with STO broker, which offers exceptionally low spreads on cross pairs.

EURAUD

Opened position earns more than initial Stop Loss. Although today in the morning there was quite a strong correction, bulls are back in power. We just have to wait for further development of situation.

USDCHF

On the H4 chart we can see, that price slide on the bearish Kumo cloud. At night there was even a bearish pin bar in this area. Maybe there will be a possibility to open short position targeting support in 0.9770 area. Unfortunately Chikou Span is above the price and it will be like this for some time, so we shouldn’t count on the possibility to enter the market.

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