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.
There is no much happening on the charts in case of Ichimoku signals. One of the opened positions closed on SL, there is also a possibility to open longs on sterling.
EURCAD
Last week I wrote about sell signal on this pair. It seems to be solid one, price was below daily support, Tenkan crossed below Kijun and bearish Kumo cloud was really wide. Unfortunately there was a strong appreciation of this pair and it closed with loss of 2% of balance.
GBPUSD
GBP is above important resistance at 1.3445. It is a place where bullish correction reached after a strong depreciation of sterling connected with Brexit vote results. Currently we can see, that the price is getting close to broken level. It is a nice place to open long position. We can set SL below Kijun line in 1.3370-80 area. I recommend 24option broker to open this position.
