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.


On the daily chart we can see that today EURAUD quite strongly broke above resistance, which kept the price from rising for a quite long time. Both Kumo cloud and Tenkan/Kijun lines setup points on bullish sentiment. We can think about opening long position. I believe that there will be a re-test of broken level, then I will look for a chance to open long position.


Similar situation is on the daily chart of GBPCAD. The only difference is that on this pair buy signal just showed up after crossing Tenkan and Kijun. I opened buy limit in the area of broken resistance. The target is more than 1000 pips higher – at another key resistance. To open this position I recommend 24option broker – winner of many awards in the industry.


What can I tell. Position is still earning and slowly depreciating. Except yesterday’s strong losses so far we didn’t witness any strong moves. We just have to watch the pair and close it in case of opposite signal being created.

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