Forex Trade Setup – Oct. 13th
EURUSD – Tenkan/Kijun Cross (4hr chart) After dipping from the double failure at 1.4000, the pair has rebounded nicely without ever piercing the kumo. Since then, it has formed a strong upward Tenkan/Kijun cross just ahead of resistance which is common for this system. If it plays out, then it means EU is likely headed for another run up towards the former support area at 1.4200 so...
Read MoreForex Ichimoku Trade Setups – Oct. 11th
EURUSD – Reversal Likely For the first time in this 1 month uptrend, the EURUSD has failed to overcome a previous resistance level. Every other time during this trend it hit a resistance level and pulled back, when it came back again to that level, it broke through it. However this time it failed and at a big figure no less (1.4000). On top of it, its now broken below the Kijun...
Read MoreForex Ichimoku Trade Setups – Oct. 4th
***We are trying a new format for the weekly Ichimoku charts so if you like the new format – make sure to comment below so we can get a good gauge if you prefer this or the latter. EURUSD – Is this the beginning of a reversal? For 18 days, the 20ema/Kijun combo has held this pair in its uptrend but the question has to be asked how far can it go without a pullback? It should be noted...
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