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.


Price on the H4 chart is still in consolidation just above important support at 0.8785. We can see that another bullish correction are getting weaker, so maybe in near time bears will be in power and will try to break through the support. Red Kumo cloud is really wide, what should help in depreciation.


Last week I opened position on this pair, it is a little losing right now after losses from the morning. Situation looks similar like on EURGBP, the only difference is that on this chart bulls managed to break above important level and now they look for power to go higher. Bullish Kumo is getting closer, it can encourage bulls.


Dollar is getting stronger lately compared to Swiss franc. Currently we can see that price is above local resistance, which should now become a support. Tenkan line is above Kijun and the cloud is bullish. To open this position I recommend 24option broker, which not only offers Forex trading, but also a wide choice of stocks, indices and commodities CFDs.

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