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.
The opened position on AUDUSD brings nice profit so far, after current bullish correction it is half the way to the Take Profit. I moved Stop Loss to Break Even, so I protected myself from possibility of loss. Now we just have to wait.
Second opened position is not doing that well. Since yesterday we can see strong depreciation, last candle closed inside Kumo. I hope that Senkou Span B will work as a support. Fortunately Stop Loss is placed below last support from daily chart, so the pair has long way to it.
On the H4 chart we can see that price reacts in the area of Kijun line. If there will be any sell signal in form of a pin bar or any other Price Action pattern, there will be a possibility to open short position with the target on another support and Stop Loss above the resistance. To invest on GBPCAD I recommend 24option broker, which offers really low spreads on pairs with sterling.