Forex Ichimoku Trade Setup Nov. 18th

Verified Profitable Trader

AUDUSD – 4hr Chart
We have plays on both sides which makes this one interesting.

The Bullish Play;
Looking at the chart below, we can see how the 50% fibonacci of the last down move lines up nicely with the flat Kumo top.  Between current price and this flat top there is a Kumo Window which offers a good breakthrough point.  Should price break the Kumo, look for it to use the flat top as a base minimally targeting the next fib up but ideally carrying on back to 1.0100 and possibly the all-time highs just above 1.0150.

The Bearish Play;

Price may be running into some resistance as its showing a little push back at the 9900 level.  Should price reverse here, at the next fib or bounce off the Kumo, then look for price to start another TKx to the downside which would be another bearish signal targeting the recent swing lows sub .9750 and challenging the base at .9650-ish.  Should a daily close happen below these levels, then expect a further unwinding to 9500.

These are just some of the techniques and methods we use to trade the markets.  If you are interested in learning more about these and other systems/methods we have, then make sure to check out our Price Action or Ichimoku Courses for further training where you can join a community of traders and get permanent access to our forum for continual education.  For more information about our services, visit

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