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.
CADCHF
Opened position on CADCHF started to bring profit again. Currently it is few dozen pips above entry level. Real gains can start only after breaking last highs, I just have to wait. I opened the position with 24broker, which has really low spreads on cross pairs.
CHFJPY
Sell signal on CHFJPY. There was a bearish break out of red Kumo. Price managed to go away from the cloud, but we can still count on the bullish correction. I recommend opening sell limit order in the area of half of the current bearish candle. Chikou Span confirms this signal.
GBPCAD
Possibility to open short position on GBPCAD. Not only there was a break below Kumo cloud but also price broke through the support from the D1 chart. It is possible that first there will be a retest of broken level, so we can think about opening sell limit order in the area of blue line.
