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 for a long time is in strong bullish trend. Currently on the H4 chart price is getting close to daily chart resistance. Kumo could is still bullish, Tenkan and Kijun lines have met. If there will be a break of the resistance, we can open long position with SL below 1.1020.
Price broke through resistance from daily chart which now should become support. Sentiment is still bullish so we can think about opening long position without any specific Take Profit, price is on the levels last seen in 2009, so far there are no signs of weakening.
Currently we can see bullish correction on NZDCHF. Price is in the area of 0.6950 resistance. Cloud is still bearish, Tenkan is below Kijun. If there will be any sell signal, we can open short position. I recommend using FXTM broker to open the position, it offers exceptionally low spreads.