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.
GBPCAD
On Wednesday I wrote about buy signal on this pair which was created on daily chart. I decided to open buy limit order to improve position’s stats. I hoped for the retest of broken resistance. In the beginning it seemed like it won’t happen, price was appreciating all the time, but fortunately there was a stronger swing, order was activated and earned some pips instantly.
Currently for two days there is a bearish correction, but I still have about 70 pips of profit. I opened this position with 24option – broker which has got over 200 different financial instruments in its offer.
NZDJPY
Short on NZDJPY is earning gradually. Today I decided to move SL to BE, in worst case I won’t lose any money. We just have to wait for further development of the situation.
NZDUSD
Unfortunately I missed sell signal on this pair, what a shame. Break below bearish cloud was a correct signal, we could just have doubts about change of cloud in near time. Price reached almost to the pip the key support from daily chart and temporarily reversed. Maybe after breaking the support there will be a possibility to open short, we will see next week.
