12.06.2013 12:30 GMT

Let’s look on few signals from Ichimoku system

AUD/CAD

This pair is in clear downtrend. Now it is in bullish correction but Kijun line stopped it. This can be signal to open new short or to add to existing one




AUD/JPY

Another correction with Aussie. Trend is clear and rejection of resistance also can be clear.




EUR/AUD

Here we can find an interesting situation. We can trade long or short depends on situation. If price closes under Kijun its short, if it closes over it can be long.

Long is back to trend, short is just deeper correction with target on Kumo.




GBP/ZAR

Risky setup. Candle closed under Kijun that means bigger correction down to Kumo. But on D1 chart You can see clear how big is correction potential.




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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.