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Ichimokuchart

Daily Trade Plan 2018.01.04 For GBPJPY It is clear that GBPJPY is going to a down wave. But USDJPY was supported at 112 then return up. Yesterday only got USDJPY +15pips. No time to confirm GBPJPY so miss the chance to SHORT. Today still focus GBPUSD and SHORT it. And USDJPY will be stopped by SPANB with Chikou Line then will LONG it after back in the third wave. So GBPJPY's resistance is Kijyun and SPANB, then need to confirm the back will be at some average price. Because the parents are fighting each and going difference way.
by AveeSun
EUR/JPY Bullish Ichimoku Trade IdeaThis pair has been riding in the cloud for a while before finally getting a kumo breakout. This combined with the bullish TK cross we just had, as well as the kumo twist back to bullish, lead me to believe this pair could be headed up. I am targeting the previous high as my TP at 134.23 and setting my stop at the TK cross. If our bullish confirmation signs change, or chikou span fails to break above price, then this trade will be invalidated.
Long
by The808Trader
USD/JPY Long Ichimoku Trade IdeaOn the daily, price is still running in the cloud, indicating we're not quite sure which way the long term trend will go. That being said, there is still room for price to move to the upside here. I am looking for a buy off of support at the cloud or kijun sen. I'll target just below the previous high, but I may just close half the position there and let the rest run with a stop loss moved to slight profit. If our bullish confirmations change then this trade will be invalidated.
Long
by The808Trader
AUD/USD Short Ichimoku Trade IdeaThis analysis is coming from the daily, but a 4 hour chart can be used to help confirm an entry. I am lookign for a trend continuation trade here since all signs are remaining bearish. I am targeting a level of previous support as drawn out on my chart. We may get some movement to help boost this trend as well with the passing of the new tax bill. If our bearish confirmations end or news pushes us the other way, this trade will be invalidated.
Short
by The808Trader
EUR/GBP Trade IdeaWhile I am mostly an Ichimoku system trader it would be foolish to ignore price action and structure. Currently I am watching a bullish price structure continue as we've hit the third wave of price movement. It is possible that we may be forming a new overall bullish trend in ichimoku. I am looking for a kumo breakout, bullish future kumo twist, chikou span to stay above price and free, and finally the stochastic to curl upwards to show a shift to buying momentum
Long
by The808Trader
Will the short follow through?Trade followup I took half off at my first target of $600 for a good $25 move. Now at this support we have to see if price will hold or breakthrough. If it breaks through I would expect a pivot to occur before going back down to retest the range lows. The next support would be at the Monthly 9 period Tenkan Sen of $570. Longer term forecast I've mentioned these near-term supports but overall what I see playing out in the long term is a setup on the weekly chart to pullback to the Ichimoku cloud . That would make my prospectus to November of $475. November historically is a seasonally bullish month so it will be interesting if this year follows that pattern after the end of a bearish trend . Note to the permabulls: A bearish move here and now is actually a *good* thing if you are a long term holder of Bitcoin . Asset prices cannot rise exponentially forever; that's the definition of a bubble. Do not expect to win the lottery investing in Bitcoin being 7 years old. Instead, tuck it away in cold storage and only ever look at the Weekly chart. What the weekly chart "need" to stabilize for long term growth is the move I am forecasting... a pullback to the weekly cloud and then a continuation to the highs. However, that could take many months. If it does though, Bitcoin will be demonstrating some true value resiliency which is good for your holdings.
BITFINEX:BTCUSDShort
by norok