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.
AUDNZD
Yesterday I wrote that probably I will have to close this position, because bearish cross of Tenkan and Kijun is coming. Fortunately I decided to wait with that and price appreciated again. Currently the profit is about 90 pips, price have to break local resistance next to 1.1140 where last time there was a bearish response.
CADCHF
After yesterday’s decision of BoC CAD gained strongly and now is above daily resistance. I opened buy limit order with entry level at 0.78, SL 50 pips lower and TP 150 pips higher. If there will be small bearish correction, position with RR 3:1 will be opened.
EURNZD
Interesting place to open long position. Bullish cloud is really wide, recently there was a cross of Tenkan and Kijun, break out of cloud and close above Kijun line. If I wouldn’t have opened position on New Zealand dollar yet, I would buy this pair.
